Bitcoin Technical Analysis : BTC/USD 4 May 2020

4 May 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 4 May 2020

Bitcoin Technical Analysis : BTCUSD

Date : 4 May 2020

Pivot point : 8986

Our preference : the downside prevails as long as 8986 is resistance.

Alternative scenario : the upside breakout of 8986, would call for 9350 and 9567.

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 pair stands below its 20 and 50 MAs (respectively at 8801 and 8899).

Supports and resistances :

9567 **
9350 *
8986
8664 – Last price
8224
8009 *
7793 **

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

Source : Trading Central

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