Bitcoin Technical Analysis : BTC/USD 25 August 2020

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

Bitcoin Technical Analysis : BTC/USD 25 August 2020

Bitcoin Technical Analysis : BTCUSD

Date : 25 August 2020

Pivot point : 10684

Our preference : as long as 10684 is support look for 13978.

Alternative scenario : the downside breakout of 10684 would call for 9460 and 8732.

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 trading under its 20 MA (11761) but above its 50 MA (10697).

Supports and resistances :

14714 **
13978 *
13241
11681 – Last price
10684
9460 *
8732 **

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

Source : Trading Central

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