Bitcoin Technical Analysis : BTC/USD 30 September 2021

30 September 2021 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 30 September 2021

Bitcoin Technical Analysis : BTCUSD

Date : 30 September 2021

Pivot point : 42495

Our preference : the upside prevails as long as 42495 is support.

Alternative scenario : below 42495, expect 41204 and 40435.

Comment : the RSI is above 70. It could mean either that the pair is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 42251 and 42127).

Supports and resistances :

46595 **
45826 *
45058
43520 – Last price
42495
41204 *
40435 **

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

Source : Trading Central

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