Bitcoin Technical Analysis : BTC/USD 1 February 2021

1 February 2021 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 1 February 2021

Bitcoin Technical Analysis : BTCUSD

Date : 1 February 2021

Pivot point : 32938

Our preference : the upside prevails as long as 32938 is support.

Alternative scenario : the downside breakout of 32938 would call for 31929 and 31328.

Comment : the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 33246 and 33304).

Supports and resistances :

36379 **
35775 *
35170
33875 – Last price
32938
31929 *
31328 **

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

Source : Trading Central

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