Bitcoin Technical Analysis : BTC/USD 29 September 2022

Bitcoin Technical Analysis : BTCUSD

Date : 29 September 2022

Pivot point : 19220

Our preference : as long as 19220 is support look for 20260.

Alternative scenario : the downside breakout of 19220 would call for 18820 and 18580.

Comment : the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 19513 and 19239).

Supports and resistances :

20500 **
20260 *
20020
19540 – Last price
19220
18820 *
18580 **

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

Source : Trading Central

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