Bitcoin Technical Analysis : BTC/USD 26 August 2021

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

Bitcoin Technical Analysis : BTC/USD 26 August 2021

Bitcoin Technical Analysis : BTCUSD

Date : 26 August 2021

Pivot point : 49021

Our preference : the downside prevails as long as 49021 is resistance.

Alternative scenario : the upside breakout of 49021, would call for 50443 and 51289.

Comment : the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 48671 and 48358).

Supports and resistances :

51289 **
50443 *
49021
47895 – Last price
46173
45328 *
44482 **

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

Source : Trading Central

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