Bitcoin Technical Analysis : BTC/USD 25 August 2021

25 August 2021 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 25 August 2021

Bitcoin Technical Analysis : BTCUSD

Date : 25 August 2021

Pivot point : 48384

Our preference : the downside prevails as long as 48384 is resistance.

Alternative scenario : the upside breakout of 48384, would call for 49787 and 50622.

Comment : the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 48042 and 48396). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 47371).

Supports and resistances :

50622 **
49787 *
48384
47281 – Last price
45611
44775 *
43940 **

Warning : This information isn’t a buy-sell signal.

Source : Trading Central

If you open a live account with a broker that support Trading Central, you’ll get all technical analysis.



5 Popular Forex Brokers
Forex Auto Rebate / Cashback

All Likerebateforex members will receive the special discount or highest rebate rate 100% of our IB commissions. (Free! No additional conditions, fees and deals restrictions)

Forex Brokers

Direct special discount

Highest rebate rate 100%