Bitcoin Technical Analysis : BTC/USD 5 October 2020

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

Bitcoin Technical Analysis : BTC/USD 5 October 2020

Bitcoin Technical Analysis : BTCUSD

Date : 5 October 2020

Pivot point : 9900

Our preference : long positions above 9900 with targets at 11150 & 12000 in extension.

Alternative scenario : below 9900 look for further downside with 8900 & 8150 as targets.

Comment : a support base at 9900 has formed and has allowed for a temporary stabilisation.

Supports and resistances :

12470 **
12000 *
11150
10674 – Last price
9900
8900 *
8150 **

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

Source : Trading Central

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