Bitcoin Technical Analysis : BTC/USD 16 February 2021

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

Bitcoin Technical Analysis : BTC/USD 16 February 2021

Bitcoin Technical Analysis : BTCUSD

Date : 16 February 2021

Pivot point : 47557

Our preference : the upside prevails as long as 47557 is support.

Alternative scenario : the downside breakout of 47557 would call for 45935 and 44969.

Comment : the RSI is above 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 48603 and 48246).

Supports and resistances :

53068 **
52095 *
51122
48955 – Last price
47557
45935 *
44969 **

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

Source : Trading Central

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