Bitcoin Technical Analysis : BTC/USD 10 October 2022

10 October 2022 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 10 October 2022

Bitcoin Technical Analysis : BTCUSD

Date : 10 October 2022

Pivot point : 19190

Our preference : the upside prevails as long as 19190 is support.

Alternative scenario : the downside breakout of 19190 would call for 18790 and 18550.

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 price is trading above both its 20 and 50 period moving average (respectively at 19467 and 19452).

Supports and resistances :

20470 **
20230 *
19990
19509 – Last price
19190
18790 *
18550 **

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

Source : Trading Central

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