Bitcoin Technical Analysis : BTC/USD 19 October 2021

19 October 2021 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 19 October 2021

Bitcoin Technical Analysis : BTCUSD

Date : 19 October 2021

Pivot point : 60945

Our preference : the upside prevails as long as 60945 is support.

Alternative scenario : below 60945, expect 59093 and 57991.

Comment : the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 61981 and 61844).

Supports and resistances :

66911 **
65807 *
64703
62409 – Last price
60945
59093 *
57991 **

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

Source : Trading Central

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