Bitcoin Technical Analysis : BTC/USD 29 November 2022

29 November 2022 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 29 November 2022

Bitcoin Technical Analysis : BTCUSD

Date : 29 November 2022

Pivot point : 16150

Our preference : the upside prevails as long as 16150 is support.

Alternative scenario : the downside breakout of 16150 would call for 15800 and 15580.

Comment : the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 16252 and 16216). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 16412).

Supports and resistances :

17280 **
17060 *
16850
16431 – Last price
16150
15800 *
15580 **

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.



5 Popular Forex Brokers
Forex Auto Rebate / Cashback

All Likerebateforex members will receive the special discount or highest rebate rate 100% of our IB commissions. (Free! No additional conditions, fees and deals restrictions)

Forex Brokers

Direct special discount

Highest rebate rate 100%