Bitcoin Technical Analysis : BTC/USD 6 March 2020

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

Bitcoin Technical Analysis : BTC/USD 6 March 2020

Bitcoin Technical Analysis : BTCUSD

Date : 6 March 2020

Pivot point : 8971

Our preference : the upside prevails as long as 8971 is support.

Alternative scenario : below 8971, expect 8796 and 8692.

Comment : the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 9075 and 9063).

Supports and resistances :

9542 **
9437 *
9333
9115 – Last price
8971
8796 *
8692 **

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

Source : Trading Central

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