Bitcoin Technical Analysis : BTC/USD 4 November 2020

4 November 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 4 November 2020

Bitcoin Technical Analysis : BTCUSD

Date : 4 November 2020

Pivot point : 13618

Our preference : as long as 13618 is support look for 14144.

Alternative scenario : below 13618, expect 13445 and 13342.

Comment : the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 MA (13852) but above its 50 MA (13710).

Supports and resistances :

14247 **
14144 *
14040
13829 – Last price
13618
13445 *
13342 **

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

Source : Trading Central

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