Bitcoin Technical Analysis : BTC/USD 7 April 2020
7 April 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)
Bitcoin Technical Analysis : BTCUSD
Date : 7 April 2020
Pivot point : 7012
Our preference : as long as 7012 is support look for 7824.
Alternative scenario : the downside breakout of 7012 would call for 6709 and 6528.
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 below its 20 MA (7305) but above its 50 MA (7190).
Supports and resistances :
8005 **
7824 *
7643
7274 – Last price
7012
6709 *
6528 **
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.
