Bitcoin Technical Analysis : BTC/USD 7 December 2020

7 December 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 7 December 2020

Bitcoin Technical Analysis : BTCUSD

Date : 7 December 2020

Pivot point : 18952

Our preference : as long as 18952 is support look for 19979.

Alternative scenario : the downside breakout of 18952 would call for 18572 and 18346.

Comment : the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs (respectively at 19267 and 19171).

Supports and resistances :

20205 **
19979 *
19752
19299 – Last price
19101
18952 *
18572 **

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.



5 Popular Forex Brokers
Forex Auto Rebate / Cashback

All Likerebateforex members will receive the special discount or highest rebate rate 95% of our commissions. (Free! No additional conditions, fees and deals restrictions)

Forex Brokers

Direct special discount

Highest rebate rate 95%