Bitcoin Technical Analysis : BTC/USD 9 April 2020
9 April 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)
Bitcoin Technical Analysis : BTCUSD
Date : 9 April 2020
Pivot point : 7551
Our preference : the downside prevails as long as 7551 is resistance.
Alternative scenario : the upside breakout of 7551, would call for 7857 and 8039.
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 pair stands below its 20 and 50 MAs (respectively at 7334 and 7317).
Supports and resistances :
8039 **
7857 *
7551
7310 – Last price
6925
6744 *
6563 **
Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.
Source : Trading Central
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