Bitcoin Technical Analysis : BTC/USD 1 November 2021

1 November 2021 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 1 November 2021

Bitcoin Technical Analysis : BTCUSD

Date : 1 November 2021

Pivot point : 62059

Our preference : the downside prevails as long as 62059 is resistance.

Alternative scenario : above 62059, look for 63859 and 64930.

Comment : the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 60994 and 60870).

Supports and resistances :

64930 **
63859 *
62059
60629 – Last price
58487
57416 *
56345 **

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

Source : Trading Central

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