Bitcoin Technical Analysis : BTC/USD 17 August 2020

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

Bitcoin Technical Analysis : BTC/USD 17 August 2020

Bitcoin Technical Analysis : BTCUSD

Date : 17 August 2020

Pivot point : 11995

Our preference : the downside prevails as long as 11995 is resistance.

Alternative scenario : the upside breakout of 11995, would call for 12175 and 12282.

Comment : the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 11854 and 11849).

Supports and resistances :

12282 **
12175 *
11995
11833 – Last price
11607
11500 *
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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