Bitcoin Technical Analysis : BTC/USD 8 July 2021

8 July 2021 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 8 July 2021

Bitcoin Technical Analysis : BTCUSD

Date : 8 July 2021

Pivot point : 34289

Our preference : the downside prevails as long as 34289 is resistance.

Alternative scenario : the upside breakout of 34289, would call for 35509 and 36236.

Comment : the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 33757 and 34335).

Supports and resistances :

36236 **
35509 *
34289
33326 – Last price
31873
31147 *
30420 **

Warning : This information isn’t a buy-sell signal.

Source : Trading Central

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