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