7 August 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)
Date : 7 August 2020
Pivot point : 11678
Our preference : as long as 11678 is support look for 12148.
Alternative scenario : the downside breakout of 11678 would call for 11496 and 11388.
Comment : the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs (respectively at 11824 and 11786).
Supports and resistances :
12256 **
12148 *
12040
11824 – Last price
11678
11496 *
11388 **
Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.
Source : Trading Central
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