Bitcoin Technical Analysis : BTC/USD 1 February 2022

1 February 2022 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 1 February 2022

Bitcoin Technical Analysis : BTCUSD

Date : 1 February 2022

Pivot point : 37610

Our preference : as long as 37610 is support look for 40660.

Alternative scenario : the downside breakout of 37610 would call for 36470 and 35790.

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 price is trading above both its 20 and 50 period moving average (respectively at 38474 and 37875).

Supports and resistances :

41340 **
40660 *
39980
38578 – Last price
37610
36470 *
35790 **

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

Source : Trading Central

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