Bitcoin Technical Analysis : BTC/USD 12 October 2020

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

Bitcoin Technical Analysis : BTC/USD 12 October 2020

Bitcoin Technical Analysis : BTCUSD

Date : 12 October 2020

Pivot point : 11238

Our preference : the upside prevails as long as 11238 is support.

Alternative scenario : below 11238, expect 11053 and 10943.

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 pair is above its 20 and 50 MAs (respectively at 11370 and 11373).

Supports and resistances :

11849 **
11739 *
11629
11408 – Last price
11238
11053 *
10943 **

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

Source : Trading Central

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