Bitcoin Technical Analysis : BTC/USD 20 October 2022

Bitcoin Technical Analysis : BTCUSD

Date : 20 October 2022

Pivot point : 18860

Our preference : rebound.

Alternative scenario : the downside breakout of 18860 would call for 18510 and 18300.

Comment : the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (19121) but below its 50 period moving average (19173).

Supports and resistances :

19990 **
19780 *
19570
19137 – Last price
18860
18510 *
18300 **

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

Source : Trading Central

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