Bitcoin Technical Analysis : BTC/USD 3 November 2021

3 November 2021 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 3 November 2021

Bitcoin Technical Analysis : BTCUSD

Date : 3 November 2021

Pivot point : 61653

Our preference : as long as 61653 is support look for 66470.

Alternative scenario : the downside breakout of 61653 would call for 59780 and 58664.

Comment : the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 63108 and 63008).

Supports and resistances :

67585 **
66470 *
65355
63125 – Last price
61653
59780 *
58664 **

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

Source : Trading Central

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