Bitcoin Technical Analysis : BTC/USD 21 November 2022

Bitcoin Technical Analysis : BTCUSD

Date : 21 November 2022

Pivot point : 15870

Our preference : rebound towards 16800.

Alternative scenario : the downside breakout of 15870 would call for 15510 and 15300.

Comment : the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 16208 and 16435).

Supports and resistances :

17020 **
16800 *
16590
16150 – Last price
15870
15510 *
15300 **

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

Source : Trading Central

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