Bitcoin Technical Analysis : BTC/USD 1 December 2020

Bitcoin Technical Analysis : BTCUSD

Date : 1 December 2020

Pivot point : 19155

Our preference : as long as 19155 is support look for 20160.

Alternative scenario : the downside breakout of 19155 would call for 18771 and 18543.

Comment : the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is below its 20 MA (19520) but above its 50 MA (19192).

Supports and resistances :

20389 **
20160 *
19932
19457 – Last price
19155
18771 *
18543 **

Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.

Source : Trading Central

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