Bitcoin Technical Analysis : BTC/USD 3 November 2020

3 November 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 3 November 2020

Bitcoin Technical Analysis : BTCUSD

Date : 3 November 2020

Pivot point : 12396

Our preference : the upside prevails as long as 12396 is support.

Alternative scenario : the downside breakout of 12396 would call for 11240 and 10552.

Comment : the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 12795 and 11625).

Supports and resistances :

16457 **
15751 *
15046
13419 – Last price
12396
11240 *
10552 **

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

Source : Trading Central

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