Bitcoin Technical Analysis : BTC/USD 8 May 2020

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

Bitcoin Technical Analysis : BTC/USD 8 May 2020

Bitcoin Technical Analysis : BTCUSD

Date : 8 May 2020

Pivot point : 9534

Our preference : as long as 9534 is support look for 10669.

Alternative scenario : below 9534, expect 9122 and 8876.

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 (9924) but above its 50 MA (9638).

Supports and resistances :

10916 **
10669 *
10422
9864 – Last price
9534
9122 *
8876 **

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

Source : Trading Central

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