Bitcoin Technical Analysis : BTC/USD 14 October 2020

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

Bitcoin Technical Analysis : BTC/USD 14 October 2020

Bitcoin Technical Analysis : BTCUSD

Date : 14 October 2020

Pivot point : 11553

Our preference : the downside prevails as long as 11553 is resistance.

Alternative scenario : the upside breakout of 11553, would call for 11735 and 11843.

Comment : the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 11438 and 11444).

Supports and resistances :

11843 **
11735 *
11553
11410 – Last price
11164
11056 *
10948 **

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

Source : Trading Central

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