Bitcoin Technical Analysis : BTC/USD 28 October 2022

Bitcoin Technical Analysis : BTCUSD

Date : 28 October 2022

Pivot point : 20610

Our preference : the downside prevails as long as 20610 is resistance.

Alternative scenario : above 20610, look for 20960 and 21170.

Comment : the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 20419 and 20578).

Supports and resistances :

21170 **
20960 *
20610
20320 – Last price
19890
19680 *
19470 **

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

Source : Trading Central

If you open a live account with a broker that support Trading Central, you’ll get all technical analysis.