Bitcoin Technical Analysis : BTC/USD 2 November 2020

2 November 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 2 November 2020

Bitcoin Technical Analysis : BTCUSD

Date : 2 November 2020

Pivot point : 13920

Our preference : the downside prevails as long as 13920 is resistance.

Alternative scenario : above 13920, look for 14142 and 14274.

Comment : the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 13756 and 13768).

Supports and resistances :

14274 **
14142 *
13920
13736 – Last price
13436
13305 *
13173 **

Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.

Source : Trading Central

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