Bitcoin Technical Analysis : BTC/USD 9 October 2020

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

Bitcoin Technical Analysis : BTC/USD 9 October 2020

Bitcoin Technical Analysis : BTCUSD

Date : 9 October 2020

Pivot point : 10742

Our preference : as long as 10742 is support look for 11209.

Alternative scenario : below 10742, expect 10565 and 10460.

Comment : the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 MA (10896) but above its 50 MA (10789).

Supports and resistances :

11314 **
11209 *
11104
10893 – Last price
10742
10565 *
10460 **

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

Source : Trading Central

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