Bitcoin Technical Analysis : BTC/USD 24 October 2022
24 October 2022 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)
Bitcoin Technical Analysis : BTCUSD
Date : 24 October 2022
Pivot point : 19610
Our preference : target 18680.
Alternative scenario : above 19610, look for 19970 and 20180.
Comment : the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (19475) but above its 50 period moving average (19313).
Supports and resistances :
20180 **
19970 *
19610
19328 – Last price
18890
18680 *
18470 **
Warning : This information isn’t a buy-sell signal.
Source : Trading Central
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