Bitcoin Technical Analysis : BTC/USD 7 July 2020

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

Bitcoin Technical Analysis : BTC/USD 7 July 2020

Bitcoin Technical Analysis : BTCUSD

Date : 7 July 2020

Pivot point : 9154

Our preference : as long as 9154 is support look for 9639.

Alternative scenario : the downside breakout of 9154 would call for 8970 and 8860.

Comment : the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 MA (9303) but above its 50 MA (9255).

Supports and resistances :

9749 **
9639 *
9529
9302 – Last price
9154
8970 *
8860 **

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

Source : Trading Central

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