Bitcoin Technical Analysis : BTC/USD 12 November 2021

12 November 2021 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 12 November 2021

Bitcoin Technical Analysis : BTCUSD

Date : 12 November 2021

Pivot point : 66130

Our preference : the downside prevails as long as 66130 is resistance.

Alternative scenario : the upside breakout of 66130, would call for 68050 and 69190.

Comment : the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 64877 and 64984). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (64339).

Supports and resistances :

69190 **
68050 *
66130
64316 – Last price
62040
60910 *
59770 **

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

Source : Trading Central

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