Bitcoin Technical Analysis : BTC/USD 8 November 2022

Bitcoin Technical Analysis : BTCUSD

Date : 8 November 2022

Pivot point : 20750

Our preference : the downside prevails as long as 20750 is resistance.

Alternative scenario : above 20750, look for 21060 and 21240.

Comment : the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 20647 and 20722).

Supports and resistances :

21240 **
21060 *
20750
20500 – Last price
20040
19850 *
19670 **

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

Source : Trading Central

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