Bitcoin Technical Analysis : BTC/USD 25 November 2020

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

Bitcoin Technical Analysis : BTC/USD 25 November 2020

Bitcoin Technical Analysis : BTCUSD

Date : 25 November 2020

Pivot point : 19182

Our preference : the downside prevails as long as 19182 is resistance.

Alternative scenario : the upside breakout of 19182, would call for 19479 and 19656.

Comment : the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 19010 and 18999).

Supports and resistances :

19656 **
19479 *
19182
18882 – Last price
18527
18351 *
18174 **

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

Source : Trading Central

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