Bitcoin Technical Analysis : BTC/USD 7 October 2020

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

Bitcoin Technical Analysis : BTC/USD 7 October 2020

Bitcoin Technical Analysis : BTCUSD

Date : 7 October 2020

Pivot point : 10455

Our preference : rebound towards 10897.

Alternative scenario : below 10455, expect 10283 and 10181.

Comment : the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair stands above its 20 MA (10584) but below its 50 MA (10667).

Supports and resistances :

11000 **
10897 *
10795
10590 – Last price
10455
10283 *
10181 **

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

Source : Trading Central

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