Bitcoin Technical Analysis : BTC/USD 27 October 2020

Bitcoin Technical Analysis : BTCUSD

Date : 27 October 2020

Pivot point : 12903

Our preference : as long as 12903 is support look for 13471.

Alternative scenario : the downside breakout of 12903 would call for 12692 and 12566.

Comment : the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 13088 and 13074).

Supports and resistances :

13597 **
13471 *
13345
13091 – Last price
12903
12692 *
12566 **

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

Source : Trading Central

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