Bitcoin Technical Analysis : BTC/USD 18 October 2022
18 October 2022 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)
Bitcoin Technical Analysis : BTCUSD
Date : 18 October 2022
Pivot point : 19220
Our preference : as long as 19220 is support look for 20210.
Alternative scenario : the downside breakout of 19220 would call for 18860 and 18650.
Comment : the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 19535 and 19447).
Supports and resistances :
20430 **
20210 *
20000
19553 – Last price
19220
18860 *
18650 **
Warning : This information isn’t a buy-sell signal.
Source : Trading Central
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