Bitcoin Technical Analysis : BTC/USD 7 October 2022

Bitcoin Technical Analysis : BTCUSD

Date : 7 October 2022

Pivot point : 19680

Our preference : rebound towards 20750.

Alternative scenario : below 19680, expect 19260 and 19020.

Comment : the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (19996) but below its 50 period moving average (20091).

Supports and resistances :

20990 **
20750 *
20500
20005 – Last price
19680
19260 *
19020 **

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

Source : Trading Central

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