Bitcoin Technical Analysis : BTC/USD 30 October 2020

30 October 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 30 October 2020

Bitcoin Technical Analysis : BTCUSD

Date : 30 October 2020

Pivot point : 13402

Our preference : the downside prevails as long as 13402 is resistance.

Alternative scenario : the upside breakout of 13402, would call for 13616 and 13743.

Comment : the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 13444 and 13373).

Supports and resistances :

13743 **
13616 *
13402
13212 – Last price
12956
12829 *
12702 **

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

Source : Trading Central

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