Bitcoin Technical Analysis : BTC/USD 26 October 2022
26 October 2022 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)
Bitcoin Technical Analysis : BTCUSD
Date : 26 October 2022
Pivot point : 19970
Our preference : as long as 19970 is support look for 20890.
Alternative scenario : the downside breakout of 19970 would call for 19610 and 19400.
Comment : the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 20151 and 19684).
Supports and resistances :
21100 **
20890 *
20680
20245 – Last price
19970
19610 *
19400 **
Warning : This information isn’t a buy-sell signal.
Source : Trading Central
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