Bitcoin Technical Analysis : BTC/USD 24 August 2020

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

Bitcoin Technical Analysis : BTC/USD 24 August 2020

Bitcoin Technical Analysis : BTCUSD

Date : 24 August 2020

Pivot point : 11529

Our preference : the upside prevails as long as 11529 is support.

Alternative scenario : below 11529, expect 11347 and 11238.

Comment : the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 11661 and 11629).

Supports and resistances :

12106 **
11997 *
11889
11672 – Last price
11529
11347 *
11238 **

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

Source : Trading Central

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