Bitcoin Technical Analysis : BTC/USD 4 November 2021

4 November 2021 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 4 November 2021

Bitcoin Technical Analysis : BTCUSD

Date : 4 November 2021

Pivot point : 63874

Our preference : the downside prevails as long as 63874 is resistance.

Alternative scenario : above 63874, look for 65727 and 66829.

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 stands below its 20 and 50 period moving average (respectively at 62701 and 62738).

Supports and resistances :

66829 **
65727 *
63874
62409 – Last price
60198
59096 *
57994 **

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

Source : Trading Central

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