Bitcoin Technical Analysis : BTC/USD 18 August 2020

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

Bitcoin Technical Analysis : BTC/USD 18 August 2020

Bitcoin Technical Analysis : BTCUSD

Date : 18 August 2020

Pivot point : 12421

Our preference : target 11900.

Alternative scenario : above 12421, look for 12610 and 12722.

Comment : the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 MA (12329) but above its 50 MA (12154). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 12250).

Supports and resistances :

12722 **
12610 *
12421
12236 – Last price
12012
11900 *
11788 **

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

Source : Trading Central

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