Bitcoin Technical Analysis : BTC/USD 31 October 2022

Bitcoin Technical Analysis : BTCUSD

Date : 31 October 2022

Pivot point : 20770

Our preference : the downside prevails as long as 20770 is resistance.

Alternative scenario : above 20770, look for 21130 and 21340.

Comment : the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 20611 and 20692).

Supports and resistances :

21340 **
21130 *
20770
20480 – Last price
20050
19840 *
19620 **

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

Source : Trading Central

If you open a live account with a broker that support Trading Central, you’ll get all technical analysis.