Bitcoin Technical Analysis : BTC/USD 8 September 2020

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

Bitcoin Technical Analysis : BTC/USD 8 September 2020

Bitcoin Technical Analysis : BTCUSD

Date : 8 September 2020

Pivot point : 10111

Our preference : as long as 10111 is support look for 10614.

Alternative scenario : the downside breakout of 10111 would call for 9916 and 9800.

Comment : the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading under its 20 MA (10283) but above its 50 MA (10181).

Supports and resistances :

10730 **
10614 *
10498
10265 – Last price
10111
9916 *
9800 **

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

Source : Trading Central

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