Bitcoin Technical Analysis : BTC/USD 3 November 2022

Bitcoin Technical Analysis : BTCUSD

Date : 3 November 2022

Pivot point : 20000

Our preference : rebound.

Alternative scenario : the downside breakout of 20000 would call for 19640 and 19430.

Comment : the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (20256) but below its 50 period moving average (20377).

Supports and resistances :

21150 **
20930 *
20720
20293 – Last price
20000
19640 *
19430 **

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

Source : Trading Central

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