Bitcoin Technical Analysis : BTC/USD 26 October 2020

26 October 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 26 October 2020

Bitcoin Technical Analysis : BTCUSD

Date : 26 October 2020

Pivot point : 12942

Our preference : the upside prevails as long as 12942 is support.

Alternative scenario : below 12942, expect 12740 and 12619.

Comment : the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 13075 and 13035).

Supports and resistances :

13591 **
13470 *
13350
13105 – Last price
12942
12740 *
12619 **

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

Source : Trading Central

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