Bitcoin Technical Analysis : BTC/USD 20 October 2021

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

Bitcoin Technical Analysis : BTC/USD 20 October 2021

Bitcoin Technical Analysis : BTCUSD

Date : 20 October 2021

Pivot point : 62567

Our preference : as long as 62567 is support look for 67455.

Alternative scenario : the downside breakout of 62567 would call for 60666 and 59534.

Comment : the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 64027 and 63128).

Supports and resistances :

68587 **
67455 *
66324
64061 – Last price
62567
60666 *
59534 **

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

Source : Trading Central

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