Technical Analysis (Bitcoin) : BTC/USD 12 August 2019

12 August 2019 Analysis (Forex, Currency Pair, CFDs, Crypto, etc.)BTC/USD (Bitcoin)Cryptocurrency

Technical Analysis (Bitcoin) : BTC/USD 12 August 2019

Cryptocurrency Technical Analysis : BTC/USD (Bitcoin)

Identified : 12 August 2019

Our pivot point stands at : 10450

Our preference : the upside prevails as long as 10450 is support.

Alternative scenario : the downside breakout of 10450 would call for 9386 and 8752.

Supports and resistances :

14831 **
14181 *
13531 **
12881
11435 – Last
10868
10450 **
9386 *
8752 **

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 10515 and 10250).

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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