Bitcoin Technical Analysis : BTC/USD 1 October 2021

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

Bitcoin Technical Analysis : BTC/USD 1 October 2021

Bitcoin Technical Analysis : BTCUSD

Date : 1 October 2021

Pivot point : 42598

Our preference : as long as 42598 is support look for 45926.

Alternative scenario : below 42598, expect 41304 and 40533.

Comment : the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading under its 20 period moving average (43642) but above its 50 period moving average (43418).

Supports and resistances :

46697 **
45926 *
45156
43615 – Last price
42598
41304 *
40533 **

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

Source : Trading Central

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