Bitcoin Technical Analysis : BTC/USD 8 July 2020

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

Bitcoin Technical Analysis : BTC/USD 8 July 2020

Bitcoin Technical Analysis : BTCUSD

Date : 8 July 2020

Pivot point : 9427

Our preference : as long as 9427 is resistance look for 8932.

Alternative scenario : above 9427, look for 9611 and 9721.

Comment : the RSI is below 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI would call for further upside. Moreover, the pair is trading above its 20 MA (9261) but under its 50 MA (9265).

Supports and resistances :

9721 **
9611 *
9427
9265 – Last price
9041
8932 *
8823 **

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

Source : Trading Central

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