Bitcoin Technical Analysis : BTC/USD 13 August 2020

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

Bitcoin Technical Analysis : BTC/USD 13 August 2020

Bitcoin Technical Analysis : BTCUSD

Date : 13 August 2020

Pivot point : 11448

Our preference : as long as 11448 is support look for 11908.

Alternative scenario : below 11448, expect 11272 and 11167.

Comment : the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 11581 and 11516).

Supports and resistances :

12012 **
11908 *
11803
11587 – Last price
11448
11272 *
11167 **

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

Source : Trading Central

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