Bitcoin Technical Analysis : BTC/USD 1 March 2021

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

Bitcoin Technical Analysis : BTC/USD 1 March 2021

Bitcoin Technical Analysis : BTCUSD

Date : 1 March 2021

Pivot point : 44845

Our preference : as long as 44845 is support look for 49184.

Alternative scenario : below 44845, expect 43232 and 42273.

Comment : the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 45974 and 45040).

Supports and resistances :

50148 **
49184 *
48221
46276 – Last price
44845
43232 *
42273 **

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

Source : Trading Central

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