Bitcoin Technical Analysis : BTC/USD 5 November 2020

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

Bitcoin Technical Analysis : BTC/USD 5 November 2020

Bitcoin Technical Analysis : BTCUSD

Date : 5 November 2020

Pivot point : 14172

Our preference : the upside prevails as long as 14172 is support.

Alternative scenario : the downside breakout of 14172 would call for 13992 and 13885.

Comment : the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 14203 and 14000).

Supports and resistances :

14807 **
14699 *
14592
14322 – Last price
14172
13992 *
13885 **

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

Source : Trading Central

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