Bitcoin Technical Analysis : BTC/USD 25 October 2022

Bitcoin Technical Analysis : BTCUSD

Date : 25 October 2022

Pivot point : 19070

Our preference : our next up target stands at 19960.

Alternative scenario : the downside breakout of 19070 would call for 18730 and 18530.

Comment : the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 19334 and 19334).

Supports and resistances :

20160 **
19960 *
19750
19340 – Last price
19070
18730 *
18530 **

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

Source : Trading Central

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