Bitcoin Technical Analysis : BTC/USD 12 August 2020

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

Bitcoin Technical Analysis : BTC/USD 12 August 2020

Bitcoin Technical Analysis : BTCUSD

Date : 12 August 2020

Pivot point : 11172

Our preference : rebound towards 11641.

Alternative scenario : the downside breakout of 11172 would call for 11001 and 10899.

Comment : the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 11328 and 11530).

Supports and resistances :

11743 **
11641 *
11538
11315 – Last price
11172
11001 *
10899 **

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

Source : Trading Central

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