Bitcoin Technical Analysis : BTC/USD 10 November 2020

10 November 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 10 November 2020

Bitcoin Technical Analysis : BTCUSD

Date : 10 November 2020

Pivot point : 15175

Our preference : the upside prevails as long as 15175 is support.

Alternative scenario : the downside breakout of 15175 would call for 14935 and 14793.

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 trading above both its 20 and 50 MAs (respectively at 15351 and 15345).

Supports and resistances :

15961 **
15818 *
15675
15389 – Last price
15175
14935 *
14793 **

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

Source : Trading Central

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