Bitcoin Technical Analysis : BTC/USD 6 October 2020

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

Bitcoin Technical Analysis : BTC/USD 6 October 2020

Bitcoin Technical Analysis : BTCUSD

Date : 6 October 2020

Pivot point : 10617

Our preference : as long as 10617 is support look for 11082.

Alternative scenario : the downside breakout of 10617 would call for 10442 and 10338.

Comment : the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading under its 20 MA (10763) but above its 50 MA (10723).

Supports and resistances :

11186 **
11082 *
10978
10758 – Last price
10617
10442 *
10338 **

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

Source : Trading Central

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