Bitcoin Technical Analysis : BTC/USD 17 November 2021

Bitcoin Technical Analysis : BTCUSD

Date : 17 November 2021

Pivot point : 58220

Our preference : rebound towards 62790.

Alternative scenario : the downside breakout of 58220 would call for 56450 and 55400.

Comment : the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 59849 and 60247).

Supports and resistances :

63850 **
62790 *
61740
59633 – Last price
58220
56450 *
55400 **

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

Source : Trading Central

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