Bitcoin Technical Analysis : BTC/USD 13 October 2020

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

Bitcoin Technical Analysis : BTC/USD 13 October 2020

Bitcoin Technical Analysis : BTCUSD

Date : 13 October 2020

Pivot point : 10432

Our preference : the upside prevails as long as 10432 is support.

Alternative scenario : the downside breakout of 10432 would call for 9169 and 8417.

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 10872 and 10841).

Supports and resistances :

14585 **
13825 *
13065
11489 – Last price
10432
9169 *
8417 **

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

Source : Trading Central

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