Bitcoin Technical Analysis : BTC/USD 24 November 2020

24 November 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 24 November 2020

Bitcoin Technical Analysis : BTCUSD

Date : 24 November 2020

Pivot point : 18566

Our preference : the downside prevails as long as 18566 is resistance.

Alternative scenario : above 18566, look for 18854 and 19025.

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 pair stands below its 20 and 50 MAs (respectively at 18387 and 18455). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (18256).

Supports and resistances :

19025 **
18854 *
18566
18245 – Last price
17732
17564 *
17395 **

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

Source : Trading Central

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