Bitcoin Technical Analysis : BTC/USD 11 November 2022

Bitcoin Technical Analysis : BTCUSD

Date : 11 November 2022

Pivot point : 17300

Our preference : as long as 17300 is support look for 18000.

Alternative scenario : the downside breakout of 17300 would call for 17030 and 16870.

Comment : the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (17575) but above its 50 period moving average (16982).

Supports and resistances :

18160 **
18000 *
17840
17523 – Last price
17300
17030 *
16870 **

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

Source : Trading Central

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