Bitcoin Technical Analysis : BTC/USD 6 October 2021

6 October 2021 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 6 October 2021

Bitcoin Technical Analysis : BTCUSD

Date : 6 October 2021

Pivot point : 50146

Our preference : as long as 50146 is support look for 54065.

Alternative scenario : below 50146, expect 48623 and 47716.

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 price is below its 20 period moving average (51421) but above its 50 period moving average (50519).

Supports and resistances :

54971 **
54065 *
53158
51344 – Last price
50146
48623 *
47716 **

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

Source : Trading Central

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