Bitcoin Technical Analysis : BTC/USD 5 June 2020
5 June 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)
Bitcoin Technical Analysis : BTCUSD
Date : 5 June 2020
Pivot point : 9590
Our preference : as long as 9590 is support look for 10237.
Alternative scenario : the downside breakout of 9590 would call for 9346 and 9200.
Comment : the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 9797 and 9730).
Supports and resistances :
10383 **
10237 *
10091
9800 – Last price
9590
9346 *
9200 **
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.
