Bitcoin Technical Analysis : BTC/USD 6 July 2020

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

Bitcoin Technical Analysis : BTC/USD 6 July 2020

Bitcoin Technical Analysis : BTCUSD

Date : 6 July 2020

Pivot point : 8937

Our preference : the upside prevails as long as 8937 is support.

Alternative scenario : below 8937, expect 8744 and 8629.

Comment : the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 9062 and 9058).

Supports and resistances :

9549 **
9434 *
9320
9090 – Last price
8937
8744 *
8629 **

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

Source : Trading Central

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