Bitcoin Technical Analysis : BTC/USD 12 February 2021

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

Bitcoin Technical Analysis : BTC/USD 12 February 2021

Bitcoin Technical Analysis : BTCUSD

Date : 12 February 2021

Pivot point : 48546

Our preference : target 44019.

Alternative scenario : above 48546, look for 50131 and 51074.

Comment : the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (47628) but above its 50 period moving average (47021).

Supports and resistances :

51074 **
50131 *
48546
47110 – Last price
44953
44019 *
43085 **

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

Source : Trading Central

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