Bitcoin Technical Analysis : BTC/USD 3 August 2020

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

Bitcoin Technical Analysis : BTC/USD 3 August 2020

Bitcoin Technical Analysis : BTCUSD

Date : 3 August 2020

Pivot point : 11019

Our preference : rebound

Alternative scenario : below 11019, expect 10832 and 10721.

Comment : the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the pair stands above its 20 MA (11140) but below its 50 MA (11185).

Supports and resistances :

11630 **
11518 *
11406
11183 – Last price
11019
10832 *
10721 **

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

Source : Trading Central

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