Bitcoin Technical Analysis : BTC/USD 11 November 2020

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

Bitcoin Technical Analysis : BTC/USD 11 November 2020

Bitcoin Technical Analysis : BTCUSD

Date : 11 November 2020

Pivot point : 15202

Our preference : as long as 15202 is support look for 15852.

Alternative scenario : the downside breakout of 15202 would call for 14962 and 14819.

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 pair is trading above both its 20 and 50 MAs (respectively at 15394 and 15341).

Supports and resistances :

15995 **
15852 *
15708
15411 – Last price
15202
14962 *
14819 **

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

Source : Trading Central

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