Bitcoin Technical Analysis : BTC/USD 14 August 2020

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

Bitcoin Technical Analysis : BTC/USD 14 August 2020

Bitcoin Technical Analysis : BTCUSD

Date : 14 August 2020

Pivot point : 11544

Our preference : the upside prevails as long as 11544 is support.

Alternative scenario : the downside breakout of 11544 would call for 11367 and 11262.

Comment : the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 11680 and 11580).

Supports and resistances :

12181 **
12075 *
11969
11733 – Last price
11544
11367 *
11262 **

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

Source : Trading Central

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