Bitcoin Technical Analysis : BTC/USD 17 November 2022
17 November 2022 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)
Bitcoin Technical Analysis : BTCUSD
Date : 17 November 2022
Pivot point : 16870
Our preference : as long as 16870 is resistance look for 15910.
Alternative scenario : the upside breakout of 16870, would call for 17240 and 17460.
Comment : the RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI would call for further upside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 16599 and 16664).
Supports and resistances :
17460 **
17240 *
16870
16576 – Last price
16130
15910 *
15690 **
Warning : This information isn’t a buy-sell signal.
Source : Trading Central
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