Bitcoin Technical Analysis : BTC/USD 28 August 2020

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

Bitcoin Technical Analysis : BTC/USD 28 August 2020

Bitcoin Technical Analysis : BTCUSD

Date : 28 August 2020

Pivot point : 11246

Our preference : the upside prevails as long as 11246 is support.

Alternative scenario : below 11246, expect 11074 and 10971.

Comment : the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 11338 and 11338).

Supports and resistances :

11793 **
11690 *
11588
11382 – Last price
11246
11074 *
10971 **

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

Source : Trading Central

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