Bitcoin Technical Analysis : BTC/USD 6 October 2022

Bitcoin Technical Analysis : BTCUSD

Date : 6 October 2022

Pivot point : 20050

Our preference : the upside prevails as long as 20050 is support.

Alternative scenario : the downside breakout of 20050 would call for 19630 and 19380.

Comment : the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 20191 and 20135). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 20402).

Supports and resistances :

21420 **
21160 *
20910
20410 – Last price
20050
19630 *
19380 **

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

Source : Trading Central

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