Bitcoin Technical Analysis : BTC/USD 4 August 2020

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

Bitcoin Technical Analysis : BTC/USD 4 August 2020

Bitcoin Technical Analysis : BTCUSD

Date : 4 August 2020

Pivot point : 10286

Our preference : the upside prevails as long as 10286 is support.

Alternative scenario : below 10286, expect 9093 and 8383.

Comment : the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 10226 and 9651).

Supports and resistances :

14309 **
13586 *
12864
11275 – Last price
10286
9093 *
8383 **

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

Source : Trading Central

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