Bitcoin Technical Analysis : BTC/USD 12 November 2020

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

Bitcoin Technical Analysis : BTC/USD 12 November 2020

Bitcoin Technical Analysis : BTCUSD

Date : 12 November 2020

Pivot point : 15563

Our preference : the upside prevails as long as 15563 is support.

Alternative scenario : the downside breakout of 15563 would call for 15317 and 15171.

Comment : the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 15712 and 15656).

Supports and resistances :

16420 **
16273 *
16126
15808 – Last price
15563
15317 *
15171 **

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

Source : Trading Central

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