Bitcoin Technical Analysis : BTC/USD 21 October 2021

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

Bitcoin Technical Analysis : BTC/USD 21 October 2021

Bitcoin Technical Analysis : BTCUSD

Date : 21 October 2021

Pivot point : 66622

Our preference : the downside prevails as long as 66622 is resistance.

Alternative scenario : above 66622, look for 68554 and 69704.

Comment : the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 65497 and 65196).

Supports and resistances :

69704 **
68554 *
66622
64985 – Last price
62536
61391 *
60246 **

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

Source : Trading Central

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