Bitcoin Technical Analysis : BTC/USD 27 August 2020

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

Bitcoin Technical Analysis : BTC/USD 27 August 2020

Bitcoin Technical Analysis : BTCUSD

Date : 27 August 2020

Pivot point : 11504

Our preference : the downside prevails as long as 11504 is resistance.

Alternative scenario : the upside breakout of 11504, would call for 11677 and 11779.

Comment : the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 11435 and 11418).

Supports and resistances :

11779 **
11677 *
11504
11369 – Last price
11163
11061 *
10958 **

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

Source : Trading Central

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