Bitcoin Technical Analysis : BTC/USD 15 October 2020

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

Bitcoin Technical Analysis : BTC/USD 15 October 2020

Bitcoin Technical Analysis : BTCUSD

Date : 15 October 2020

Pivot point : 11554

Our preference : as long as 11554 is resistance look for 11068.

Alternative scenario : the upside breakout of 11554, would call for 11737 and 11845.

Comment : the RSI is below its neutrality area at 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI should trigger further gains. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 11398 and 11397).

Supports and resistances :

11845 **
11737 *
11554
11393 – Last price
11177
11068 *
10960 **

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

Source : Trading Central

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