Bitcoin Technical Analysis : BTC/USD 29 October 2020

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

Bitcoin Technical Analysis : BTC/USD 29 October 2020

Bitcoin Technical Analysis : BTCUSD

Date : 29 October 2020

Pivot point : 13090

Our preference : rebound.

Alternative scenario : below 13090, expect 12875 and 12748.

Comment : the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the pair stands above its 20 MA (13257) but below its 50 MA (13328).

Supports and resistances :

13813 **
13685 *
13557
13288 – Last price
13090
12875 *
12748 **

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

Source : Trading Central

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