Bitcoin Technical Analysis : BTC/USD 26 August 2020

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

Bitcoin Technical Analysis : BTC/USD 26 August 2020

Bitcoin Technical Analysis : BTCUSD

Date : 26 August 2020

Pivot point : 11217

Our preference : rebound.

Alternative scenario : the downside breakout of 11217 would call for 11045 and 10942.

Comment : the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the pair stands above its 20 MA (11339) but below its 50 MA (11434).

Supports and resistances :

11793 **
11690 *
11587
11382 – Last price
11217
11045 *
10942 **

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

Source : Trading Central

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