Bitcoin Technical Analysis : BTC/USD 2 November 2022
2 November 2022 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)
Bitcoin Technical Analysis : BTCUSD
Date : 2 November 2022
Pivot point : 20790
Our preference : technical rebound towards 20790 before a new drop.
Alternative scenario : the upside breakout of 20790, would call for 21160 and 21370.
Comment : the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price stands above its 20 period moving average (20495) but below its 50 period moving average (20505).
Supports and resistances :
21370 **
21160 *
20790
20500 – Last price
20070
19850 *
19640 **
Warning : This information isn’t a buy-sell signal.
Source : Trading Central
If you open a live account with a broker that support Trading Central, you’ll get all technical analysis.
