Bitcoin Technical Analysis : BTC/USD 25 November 2021

25 November 2021 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 25 November 2021

Bitcoin Technical Analysis : BTCUSD

Date : 25 November 2021

Pivot point : 55900

Our preference : as long as 55900 is support look for 60430.

Alternative scenario : the downside breakout of 55900 would call for 54200 and 53190.

Comment : the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading under its 20 period moving average (57439) but above its 50 period moving average (56968).

Supports and resistances :

61440 **
60430 *
59420
57320 – Last price
55900
54200 *
53190 **

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

Source : Trading Central

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