Bitcoin Technical Analysis : BTC/USD 27 October 2022

Bitcoin Technical Analysis : BTCUSD

Date : 27 October 2022

Pivot point : 20510

Our preference : as long as 20510 is support look for 21450.

Alternative scenario : the downside breakout of 20510 would call for 20140 and 19920.

Comment : the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 20764 and 20643).

Supports and resistances :

21670 **
21450 *
21230
20799 – Last price
20510
20140 *
19920 **

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

Source : Trading Central

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