Bitcoin Technical Analysis : BTC/USD 1 October 2020

1 October 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 1 October 2020

Bitcoin Technical Analysis : BTCUSD

Date : 1 October 2020

Pivot point : 10656

Our preference : the upside prevails as long as 10656 is support.

Alternative scenario : below 10656, expect 10462 and 10346.

Comment : the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 10784 and 10752).

Supports and resistances :

11293 **
11177 *
11061
10827 – Last price
10656
10462 *
10346 **

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

Source : Trading Central

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