Bitcoin Technical Analysis : BTC/USD 9 September 2020

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

Bitcoin Technical Analysis : BTC/USD 9 September 2020

Bitcoin Technical Analysis : BTCUSD

Date : 9 September 2020

Pivot point : 9921

Our preference : our next up target stands at 10470.

Alternative scenario : the downside breakout of 9921 would call for 9729 and 9615.

Comment : the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 10055 and 10096).

Supports and resistances :

10584 **
10470 *
10355
10125 – Last price
9921
9729 *
9615 **

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

Source : Trading Central

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