Bitcoin Technical Analysis : BTC/USD 20 October 2020

20 October 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 20 October 2020

Bitcoin Technical Analysis : BTCUSD

Date : 20 October 2020

Pivot point : 11584

Our preference : as long as 11584 is support look for 12068.

Alternative scenario : below 11584, expect 11402 and 11295.

Comment : the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs (respectively at 11733 and 11640).

Supports and resistances :

12176 **
12068 *
11960
11738 – Last price
11584
11402 *
11295 **

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

Source : Trading Central

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