Bitcoin Technical Analysis : BTC/USD 28 October 2020

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

Bitcoin Technical Analysis : BTC/USD 28 October 2020

Bitcoin Technical Analysis : BTCUSD

Date : 28 October 2020

Pivot point : 13552

Our preference : as long as 13552 is support look for 14178.

Alternative scenario : the downside breakout of 13552 would call for 13330 and 13198.

Comment : the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs (respectively at 13734 and 13532).

Supports and resistances :

14310 **
14178 *
14045
13780 – Last price
13552
13330 *
13198 **

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

Source : Trading Central

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