Bitcoin Technical Analysis : BTC/USD 19 October 2022

Bitcoin Technical Analysis : BTCUSD

Date : 19 October 2022

Pivot point : 19000

Our preference : rebound towards 19930.

Alternative scenario : the downside breakout of 19000 would call for 18650 and 18440.

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 19287 and 19425).

Supports and resistances :

20140 **
19930 *
19720
19278 – Last price
19000
18650 *
18440 **

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

Source : Trading Central

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