Bitcoin Technical Analysis : BTC/USD 17 October 2022
17 October 2022 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)
Bitcoin Technical Analysis : BTCUSD
Date : 17 October 2022
Pivot point : 19490
Our preference : target 18480.
Alternative scenario : above 19490, look for 19880 and 20120.
Comment : the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (19237) but above its 50 period moving average (19179).
Supports and resistances :
20120 **
19880 *
19490
19185 – Last price
18720
18480 *
18250 **
Warning : This information isn’t a buy-sell signal.
Source : Trading Central
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