Bitcoin Technical Analysis : BTC/USD 4 June 2021

4 June 2021 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 4 June 2021

Bitcoin Technical Analysis : BTCUSD

Date : 4 June 2021

Pivot point : 38626

Our preference : the downside prevails as long as 38626 is resistance.

Alternative scenario : above 38626, look for 39867 and 40606.

Comment : the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 38354 and 38598).

Supports and resistances :

40606 **
39867 *
38626
37651 – Last price
36110
35372 *
34635 **

Warning : This information isn’t a buy-sell signal.

Source : Trading Central

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