Bitcoin Technical Analysis : BTC/USD 16 November 2020

Bitcoin Technical Analysis : BTCUSD

Date : 16 November 2020

Pivot point : 15929

Our preference : the upside prevails as long as 15929 is support.

Alternative scenario : below 15929, expect 15677 and 15528.

Comment : the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 15981 and 16003).

Supports and resistances :

16751 **
16601 *
16452
16152 – Last price
15929
15677 *
15528 **

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

Source : Trading Central

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