Bitcoin Technical Analysis : BTC/USD 3 October 2022

Bitcoin Technical Analysis : BTCUSD

Date : 3 October 2022

Pivot point : 18890

Our preference : rebound.

Alternative scenario : the downside breakout of 18890 would call for 18490 and 18260.

Comment : the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (19177) but under its 50 period moving average (19215).

Supports and resistances :

20190 **
19950 *
19710
19206 – Last price
18890
18490 *
18260 **

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

Source : Trading Central

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