Bitcoin Technical Analysis : BTC/USD 31 July 2020

31 July 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 31 July 2020

Bitcoin Technical Analysis : BTCUSD

Date : 31 July 2020

Pivot point : 10869

Our preference : look for a drop towards 10869 before a bounce.

Alternative scenario : below 10869, expect 10684 and 10574.

Comment : the RSI is above 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI would call for further downside. Moreover, the pair is trading under its 20 MA (11083) but above its 50 MA (11031).

Supports and resistances :

11506 **
11396 *
11285
11057 – Last price
10869
10684 *
10574 **

Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.

Source : Trading Central

If you open a live account with a broker that support Trading Central, you’ll get all technical analysis.



5 Popular Forex Brokers
Forex Auto Rebate / Cashback

All Likerebateforex members will receive the special discount or highest rebate rate 95% of our commissions. (Free! No additional conditions, fees and deals restrictions)

Forex Brokers

Direct special discount

Highest rebate rate 95%