Bitcoin Technical Analysis : BTC/USD 9 July 2020

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

Bitcoin Technical Analysis : BTC/USD 9 July 2020

Bitcoin Technical Analysis : BTCUSD

Date : 9 July 2020

Pivot point : 9544

Our preference : target 9048.

Alternative scenario : the upside breakout of 9544, would call for 9730 and 9841.

Comment : the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 MA (9415) but above its 50 MA (9367).

Supports and resistances :

9841 **
9730 *
9544
9380 – Last price
9159
9048 *
8937 **

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

Source : Trading Central

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