Bitcoin Technical Analysis : BTC/USD 12 October 2022

Bitcoin Technical Analysis : BTCUSD

Date : 12 October 2022

Pivot point : 18790

Our preference : the upside prevails as long as 18790 is support.

Alternative scenario : below 18790, expect 18400 and 18170.

Comment : the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 19049 and 19072).

Supports and resistances :

20030 **
19800 *
19560
19100 – Last price
18790
18400 *
18170 **

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

Source : Trading Central

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