Bitcoin Technical Analysis : BTC/USD 21 August 2020

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

Bitcoin Technical Analysis : BTC/USD 21 August 2020

Bitcoin Technical Analysis : BTCUSD

Date : 21 August 2020

Pivot point : 11698

Our preference : as long as 11698 is support look for 12192.

Alternative scenario : below 11698, expect 11514 and 11404.

Comment : the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is below its 20 MA (11848) but above its 50 MA (11816).

Supports and resistances :

12302 **
12192 *
12082
11845 – Last price
11698
11514 *
11404 **

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

Source : Trading Central

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