Bitcoin Technical Analysis : BTC/USD 1 November 2022

1 November 2022 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 1 November 2022

Bitcoin Technical Analysis : BTCUSD

Date : 1 November 2022

Pivot point : 20220

Our preference : the upside prevails as long as 20220 is support.

Alternative scenario : below 20220, expect 19860 and 19640.

Comment : the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 20446 and 20502).

Supports and resistances :

21390 **
21170 *
20960
20523 – Last price
20220
19860 *
19640 **

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

Source : Trading Central

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