Bitcoin Technical Analysis : BTC/USD 11 August 2020

11 August 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 11 August 2020

Bitcoin Technical Analysis : BTCUSD

Date : 11 August 2020

Pivot point : 11986

Our preference : the downside prevails as long as 11986 is resistance.

Alternative scenario : the upside breakout of 11986, would call for 12160 and 12264.

Comment : the RSI is below 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 11867 and 11893).

Supports and resistances :

12264 **
12160 *
11986
11829 – Last price
11601
11498 *
11394 **

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

Source : Trading Central

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