Bitcoin Technical Analysis : BTC/USD 29 October 2021

29 October 2021 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 29 October 2021

Bitcoin Technical Analysis : BTCUSD

Date : 29 October 2021

Pivot point : 60080

Our preference : the upside prevails as long as 60080 is support.

Alternative scenario : below 60080, expect 58254 and 57168.

Comment : the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 61252 and 60822).

Supports and resistances :

65929 **
64841 *
63754
61574 – Last price
60080
58254 *
57168 **

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

Source : Trading Central

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