{"id":85370,"date":"2026-08-11T09:58:00","date_gmt":"2026-08-11T09:58:00","guid":{"rendered":"https:\/\/mudrex.com\/learn\/?p=85370"},"modified":"2026-08-11T10:03:53","modified_gmt":"2026-08-11T10:03:53","slug":"bitcoin-technical-analysis","status":"publish","type":"post","link":"https:\/\/mudrex.com\/learn\/bitcoin-technical-analysis\/","title":{"rendered":"Bitcoin Technical Analysis 11th Aug : RSI, MACD, Support and Resistance"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Bitcoin Technical Analysis 11th Aug: RSI, MACD, Support and Resistance<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Bitcoin is trading at <strong>$64,387, down 0.90% in the last 24 hours<\/strong>, as investors remain cautious following the Federal Reserve&#8217;s hawkish policy outlook and fading optimism over U.S. crypto regulation. Weak institutional participation, including subdued ETF demand and lower trading activity, has also limited buying momentum. Adding to the cautious sentiment, recent security concerns surrounding older Coldcard hardware wallets and broader macro uncertainty have kept Bitcoin trading under pressure.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Why dump?<br><br>\ud83c\uddee\ud83c\uddf7 Iran has completely ruled out any future negotiations with the Trump \ud83c\uddfa\ud83c\uddf8 administration, declaring it will wait out Donald Trump&#39;s term until January 20, 2029.<\/p>&mdash; Ted (@TedPillows) <a href=\"https:\/\/x.com\/TedPillows\/status\/2086850053730115996?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">August 10, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Technical:<\/strong> Bitcoin was rejected from the <strong>$65,000\u2013$65,500 resistance zone<\/strong> and has slipped back toward the <strong>mid-$63,000s<\/strong>, which is emerging as an important near-term support area. Short-term momentum remains <strong>bearish<\/strong>, with price action vulnerable to further volatility ahead of the U.S. CPI report. A recovery above $65,000 would help stabilize the structure, while a break below the mid-$63,000s could increase downside pressure.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Investors looking to contextualize the move locally can track<strong> <a href=\"https:\/\/mudrex.com\/converter\/btc\/inr\" target=\"_blank\" rel=\"noreferrer noopener\">Bitcoin\u2019s live price in INR<\/a><\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Key Factors Include<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Iran\u2013Hormuz Tensions:<\/strong> Iran indicated that reopening the Strait of Hormuz was not imminent, dampening hopes of a quick resolution to energy supply disruptions and pushing oil prices higher.<\/li>\n\n\n\n<li><strong>Pre-CPI Caution:<\/strong> Rising oil prices have renewed inflation concerns ahead of the U.S. CPI report, potentially reducing expectations for monetary easing and weighing on risk assets such as Bitcoin.<\/li>\n\n\n\n<li><strong>Bitcoin ETF Outflows:<\/strong> U.S. spot Bitcoin ETFs recorded around <strong><a href=\"https:\/\/defillama.com\/etfs\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">$144\u2013145 million in net outflows<\/a> on August 10<\/strong>, ending a multi-day inflow streak and removing a recent source of institutional buying support.<\/li>\n\n\n\n<li><strong>Strategy Sold BTC:<\/strong> Strategy sold <strong>1,690 BTC<\/strong> between August 3\u20139 at an average price of around <strong>$64,262<\/strong>, adding selling pressure around the $64,000\u2013$65,000 region.<\/li>\n\n\n\n<li><strong>Leverage &amp; Liquidations:<\/strong> Bitcoin&#8217;s rejection near $65,000 triggered leveraged selling, with <strong>more than $47 million in long positions liquidated<\/strong>, amplifying the downside.<\/li>\n\n\n\n<li><strong>Regulatory Uncertainty:<\/strong> The U.S. Senate delayed a vote on the <strong><a href=\"https:\/\/mudrex.com\/learn\/clarity-act-crypto-explained\/\" target=\"_blank\" rel=\"noreferrer noopener\">CLARITY Act<\/a><\/strong> until after the August recess, removing another potential near-term catalyst for crypto markets.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><em><a href=\"https:\/\/mudrex.com\/learn\/when-will-bitcoin-bottom-prediction\/\" target=\"_blank\" rel=\"noreferrer noopener\">When will bitcoin bottom?<\/a><\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Bitcoin Technical Analysis (11th Aug, 2026)<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Bitcoin continues to <strong>consolidate after the recent sell-off<\/strong>, trading in a narrow range around the $64,000 region as buyers and sellers remain balanced. The short-term trend remains <strong>sideways<\/strong>, with choppy price action likely to persist in the near term. On the weekly timeframe, Bitcoin remains <strong>range-bound<\/strong>, while the monthly chart continues to print a <strong>green candle<\/strong>, keeping the broader outlook constructive. The higher-timeframe structure remains intact as long as Bitcoin holds above key support levels, particularly the <strong>mid-$63,000s<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br><strong>Key levels to watch:<br><\/strong>\u2022 Resistance: $67.3K<br>\u2022 Support: $58.4K<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Want to learn technical analysis? <strong><a href=\"https:\/\/mudrex.com\/learn\/technical-analysis\/\" target=\"_blank\" rel=\"noreferrer noopener\">Read more<\/a><\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Bitcoin Support &amp; Resistance Levels<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Level<\/th><th>Price<\/th><\/tr><\/thead><tbody><tr><td>Resistance<\/td><td>$74K<\/td><\/tr><tr><td>Major Resistance<\/td><td>$67.3K<\/td><\/tr><tr><td>Support<\/td><td>$58.4K<\/td><\/tr><tr><td>Other Support<\/td><td>$53.8K<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">Key Levels<\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"825\" data-id=\"87638\" src=\"https:\/\/mudrex.com\/learn\/wp-content\/uploads\/2026\/08\/BTCUSDT_2026-08-11_14-00-53-1-1024x825.png\" alt=\"\" class=\"wp-image-87638\" title=\"\" srcset=\"https:\/\/mudrex.com\/learn\/wp-content\/uploads\/2026\/08\/BTCUSDT_2026-08-11_14-00-53-1-1024x825.png 1024w, https:\/\/mudrex.com\/learn\/wp-content\/uploads\/2026\/08\/BTCUSDT_2026-08-11_14-00-53-1-300x242.png 300w, https:\/\/mudrex.com\/learn\/wp-content\/uploads\/2026\/08\/BTCUSDT_2026-08-11_14-00-53-1-768x619.png 768w, https:\/\/mudrex.com\/learn\/wp-content\/uploads\/2026\/08\/BTCUSDT_2026-08-11_14-00-53-1-1536x1238.png 1536w, https:\/\/mudrex.com\/learn\/wp-content\/uploads\/2026\/08\/BTCUSDT_2026-08-11_14-00-53-1-150x121.png 150w, https:\/\/mudrex.com\/learn\/wp-content\/uploads\/2026\/08\/BTCUSDT_2026-08-11_14-00-53-1.png 1946w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Bitcoin Technical<strong> Analysis<\/strong>&#8211; RSI<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Want to understand the <strong>Relative Strength Index (RSI)<\/strong>? <a href=\"https:\/\/mudrex.com\/learn\/relative-strength-index-rsi-in-crypto\/\" target=\"_blank\" rel=\"noreferrer noopener\">Read here<\/a>.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Timeframe<\/th><th>RSI Value<\/th><th>Signal<\/th><\/tr><\/thead><tbody><tr><td><strong>1H<\/strong><\/td><td>49<\/td><td>NEUTRAL<\/td><\/tr><tr><td><strong><strong>4H<\/strong><\/strong><\/td><td>44<\/td><td>NEUTRAL<\/td><\/tr><tr><td><strong>1D<\/strong><\/td><td>50<\/td><td>NEUTRAL<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><em>RSI values multi-timeframe<\/em><\/figcaption><\/figure>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<h4 class=\"wp-block-heading\"><strong>Key RSI Levels:<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Above 70<\/strong> = Overbought (potential sell)<\/li>\n\n\n\n<li><strong>Below 30<\/strong> = Oversold (potential buy)<\/li>\n\n\n\n<li><strong>30-70<\/strong> = Normal trading range<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Learn more about XRP\u2019s tokenomics, pros and cons, and whitepaper summary in our detailed <a href=\"https:\/\/mudrex.com\/coins\/ripple\">XRP Page<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Bitcoin Technical<strong> Analysis<\/strong>&#8211; MACD<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Want to understand the <strong>Moving Average Convergence Divergence (MACD)<\/strong>? <a href=\"https:\/\/mudrex.com\/learn\/how-to-use-macd-in-crypto\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/mudrex.com\/learn\/how-to-use-macd-in-crypto\/\" rel=\"noreferrer noopener\">Read here<\/a>.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Timeframe<\/th><th>Status<\/th><\/tr><\/thead><tbody><tr><td><strong>1H<\/strong><\/td><td>BEARISH<\/td><\/tr><tr><td><strong>4H<\/strong><\/td><td>BEARISH<\/td><\/tr><tr><td><strong>1D<\/strong><\/td><td>BULLISH<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><em>MACD status multi-timeframe<\/em><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/mudrex.com\/learn\/best-bitcoin-wallets-in-india\/\"> Also Read:  Best Bitcoin Wallets in India in 2026<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Conclusion<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Bitcoin remains in a volatile consolidation phase, with macro factors now driving short-term price action. Geopolitical uncertainty around the Strait of Hormuz, higher oil prices, negative ETF flows, and leveraged liquidations have increased selling pressure. However, the broader structure remains intact, with investors now looking toward upcoming inflation data for the next major catalyst.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>What to Watch<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>U.S. CPI &amp; PPI:<\/strong> These are the key macro events for Bitcoin. Softer inflation could improve expectations for future Fed easing and support risk assets, while hotter-than-expected data could strengthen the higher-for-longer narrative and keep Bitcoin under pressure.<\/li>\n\n\n\n<li><strong>Institutional Demand:<\/strong> Watch Bitcoin ETF flows for signs of stabilization. Overall flows have remained positive over the past few days, but yesterday&#8217;s outflow highlights continued caution among large investors.<\/li>\n\n\n\n<li><strong>Oil &amp; Geopolitical Developments:<\/strong> Any developments around the Strait of Hormuz and oil prices could influence inflation expectations and broader risk sentiment.<\/li>\n\n\n\n<li><strong>Bitcoin Price Action:<\/strong> Bitcoin is trading near the <strong>$64,000 region<\/strong>, with <strong>$65,000\u2013$65,500<\/strong> acting as key resistance and the <strong>mid-$63,000s<\/strong> as an important support zone in short term. A sustained move above or below these levels could determine the next directional trend.<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-columns are-vertically-aligned-top is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-top is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-essential-blocks-button\"><div class=\"eb-parent-wrapper eb-parent-eb-button-x4rld \"><div class=\"eb-button-wrapper eb-button-alignment eb-button-x4rld\"><div class=\"eb-button\"><a class=\"eb-button-anchor\" href=\"https:\/\/mudrex.go.link\/eLL6P\" rel=\"noopener nofollow\" target=\"_blank\"><strong>Buy BTC<\/strong><\/a><\/div><\/div><\/div><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-top is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-essential-blocks-button\"><div class=\"eb-parent-wrapper eb-parent-eb-button-qf3fz \"><div class=\"eb-button-wrapper eb-button-alignment eb-button-qf3fz\"><div class=\"eb-button\"><a class=\"eb-button-anchor\" href=\"https:\/\/mudrex.go.link\/eLL6P\" rel=\"noopener nofollow\" target=\"_blank\"><strong>Trade BTC Futures<\/strong><\/a><\/div><\/div><\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Staying updated on these evolving factors doesn\u2019t have to be complicated\u2014our<\/em> <em>Twitter Page delivers clear, timely insights and real-time alerts to help you navigate the <a href=\"https:\/\/mudrex.com\/learn\/bitcoin-down-today\/\">crypto market<\/a> confidently and effectively.<\/em><\/p>\n\n\n\n<div class=\"wp-block-essential-blocks-button\"><div class=\"eb-parent-wrapper eb-parent-eb-button-sl7ci \"><div class=\"eb-button-wrapper eb-button-alignment eb-button-sl7ci\"><div class=\"eb-button\"><a class=\"eb-button-anchor\" href=\"https:\/\/x.com\/officialmudrex\" rel=\"noopener nofollow\" target=\"_blank\"><strong>Follow Mudrex on Twitter for more BTC insights.<\/strong><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Frequently Asked Questions (FAQs)<\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1775556148336\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">1. How Do I Trade Using Technical Analysis?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p><strong>3 simple steps:<\/strong><br \/> 1.\u2002<strong>Find support &amp; resistance levels<\/strong> on your chart<br \/>2. <strong>Check RSI &amp; MACD<\/strong> for direction (bullish or bearish)<br \/>3. <strong>Make a trade:<\/strong> <strong>Bullish setup<\/strong> = Buy near support<br \/>&#8211;<strong>Bearish setup<\/strong> = Sell near resistance<br \/>&#8211;<strong>Neutral setup<\/strong> = Wait for confirmation<br \/><strong>Always use a stop loss<\/strong> to protect your money if trade goes wrong.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1775556235158\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">2. What is Support and Resistance?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p><strong>Support<\/strong> = Price level where Bitcoin bounces UP (buyers step in)<br \/><strong>Resistance<\/strong> = Price level where Bitcoin bounces DOWN (sellers step in)<br \/><strong>Example:<\/strong><br \/>-If Bitcoin keeps bouncing at $44,000, that&#8217;s <strong>support<\/strong><br \/>-If Bitcoin keeps dropping at $45,000, that&#8217;s <strong>resistance<\/strong><br \/>Traders buy near support and sell near resistance.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1775556281759\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">3. What is RSI (Relative Strength Index)?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p><strong>RSI<\/strong> is an indicator that measures how fast and how much the price of Bitcoin changes. It&#8217;s scored from 0 to 100.<br \/>&#8211;<strong>Above 70<\/strong> = Bitcoin is overbought (price might drop soon)<br \/>&#8211;<strong>Below 30<\/strong> = Bitcoin is oversold (price might go up soon)<br \/>&#8211;<strong>30-70<\/strong> = Normal trading range<br \/><strong>Simple analogy:<\/strong> Think of RSI as a fuel tank. Full tank (70+) = time to slow down. Empty tank (&lt;30) = time to fill up.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1775556332469\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">4. What is MACD (Moving Average Convergence Divergence)?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p><strong>MACD<\/strong> is a trend-following indicator that shows if Bitcoin momentum is <strong>bullish or bearish<\/strong>.<br \/>&#8211;<strong>MACD above signal line<\/strong> = Price likely going UP (Bullish)<br \/>&#8211;<strong>MACD below signal line<\/strong> = Price likely going DOWN (Bearish)<br \/>&#8211;<strong>Expanding bars<\/strong> = Momentum getting stronger<br \/>&#8211;<strong>Shrinking bars<\/strong> = Momentum getting weaker<br \/><strong>Simple analogy:<\/strong> MACD is like a traffic light. Green light = go long, Red light = go short.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Real-time Bitcoin technical analysis for today. Check current RSI,<br \/>\nMACD levels, key support and resistance. Daily trading signals and<br \/>\nprice forecasts for BTC traders and investors.<\/p>\n","protected":false},"author":22,"featured_media":81721,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","_import_markdown_pro_load_document_selector":0,"_import_markdown_pro_submit_text_textarea":"","footnotes":""},"categories":[1888,1890],"tags":[517,2010,2080,2082,2079,2081,2078],"class_list":["post-85370","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technical-analysis","category-bitcoin","tag-bitcoin","tag-bitcoin-2026","tag-bitcoin-macd","tag-bitcoin-resistance","tag-bitcoin-rsi","tag-bitcoin-support","tag-bitcoin-technical-analysis"],"_links":{"self":[{"href":"https:\/\/mudrex.com\/learn\/wp-json\/wp\/v2\/posts\/85370","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mudrex.com\/learn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mudrex.com\/learn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mudrex.com\/learn\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/mudrex.com\/learn\/wp-json\/wp\/v2\/comments?post=85370"}],"version-history":[{"count":34,"href":"https:\/\/mudrex.com\/learn\/wp-json\/wp\/v2\/posts\/85370\/revisions"}],"predecessor-version":[{"id":87639,"href":"https:\/\/mudrex.com\/learn\/wp-json\/wp\/v2\/posts\/85370\/revisions\/87639"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mudrex.com\/learn\/wp-json\/wp\/v2\/media\/81721"}],"wp:attachment":[{"href":"https:\/\/mudrex.com\/learn\/wp-json\/wp\/v2\/media?parent=85370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mudrex.com\/learn\/wp-json\/wp\/v2\/categories?post=85370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mudrex.com\/learn\/wp-json\/wp\/v2\/tags?post=85370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}