Bitcoin Technical Analysis : BTC/USD 10 November 2022

Bitcoin Technical Analysis : BTCUSD

Date : 10 November 2022

Pivot point : 16020

Our preference : rebound towards 16780.

Alternative scenario : the downside breakout of 16020 would call for 15770 and 15630.

Comment : the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 16428 and 17377).

Supports and resistances :

16930 **
16780 *
16630
16320 – Last price
16020
15770 *
15630 **

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

Source : Trading Central

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