Bitcoin Technical Analysis : BTC/USD 11 February 2021

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

Bitcoin Technical Analysis : BTC/USD 11 February 2021

Bitcoin Technical Analysis : BTCUSD

Date : 11 February 2021

Pivot point : 43497

Our preference : rebound towards 47545.

Alternative scenario : the downside breakout of 43497 would call for 42000 and 41109.

Comment : the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 44805 and 45359).

Supports and resistances :

48440 **
47545 *
46650
44674 – Last price
43497
42000 *
41109 **

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

Source : Trading Central

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