Bitcoin Technical Analysis : BTC/USD 8 November 2022

8 November 2022 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

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

If you open a live account with a broker that support Trading Central, you’ll get all technical analysis.



5 Popular Forex Brokers
Forex Auto Rebate / Cashback

All Likerebateforex members will receive the special discount or highest rebate rate 100% of our IB commissions. (Free! No additional conditions, fees and deals restrictions)

Forex Brokers

Direct special discount

Highest rebate rate 100%