Bitcoin Technical Analysis : BTC/USD 9 August 2022

Bitcoin Technical Analysis : BTCUSD

Date : 9 August 2022

Pivot point : 24410

Our preference : the downside prevails as long as 24410 is resistance.

Alternative scenario : above 24410, look for 25110 and 25540.

Comment : the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 23859 and 23869).

Supports and resistances :

25540 **
25110 *
24410
23830 – Last price
22960
22540 *
22120 **

Warning : This information isn’t a buy-sell signal.

Source : Trading Central

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