Bitcoin Technical Analysis : BTC/USD 20 August 2020

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

Bitcoin Technical Analysis : BTC/USD 20 August 2020

Bitcoin Technical Analysis : BTCUSD

Date : 20 August 2020

Pivot point : 11547

Our preference : rebound towards 12062.

Alternative scenario : below 11547, expect 11364 and 11256.

Comment : the RSI is below 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 11741 and 11766).

Supports and resistances :

12171 **
12062 *
11953
11735 – Last price
11547
11364 *
11256 **

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

Source : Trading Central

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