Considering the situation in the financial markets over the pandemic, bitcoin and gold are getting empowered.
The support rests at 1861.87 with resistance at 1876.87 which the weekly pivot point at 1873.47 is located in between the lines. EMA of 10 is moving horizontally in the descendant channel and it is below EMA of 100 and 200. The Stochastic is moving in high ranges, the RSI is moving on level 50 and the MACD indicator is in positive territory. The ADX is showing sell signal. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
While taking pullbacks into consideration, buyers can expect 1890.
