Bitcoin Technical Analysis : BTC/USD 5 October 2022

Bitcoin Technical Analysis : BTCUSD

Date : 5 October 2022

Pivot point : 19900

Our preference : as long as 19900 is support look for 20980.

Alternative scenario : below 19900, expect 19480 and 19230.

Comment : the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 20213 and 19998).

Supports and resistances :

21230 **
20980 *
20730
20233 – Last price
19900
19480 *
19230 **

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

Source : Trading Central

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