Bitcoin Technical Analysis : BTC/USD 5 November 2021

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

Bitcoin Technical Analysis : BTC/USD 5 November 2021

Bitcoin Technical Analysis : BTCUSD

Date : 5 November 2021

Pivot point : 60749

Our preference : the upside prevails as long as 60749 is support.

Alternative scenario : the downside breakout of 60749 would call for 58903 and 57804.

Comment : the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 61689 and 61683).

Supports and resistances :

66680 **
65580 *
64480
62280 – Last price
60749
58903 *
57804 **

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

Source : Trading Central

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