Market Analysis of Bitcoin on Wednesday 20 August 2025

2025-08-20 10:01Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 115030

 

Our pivot point stands at 111960.

 

Our preference:

Rebound towards 115030.

 

Alternative scenario:

The downside breakout of 111960 would call for 110850 and 110190.

 

Comment:

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 113377 and 114620).

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