Bitcoin Technical Analysis : BTC/USD 18 February 2022

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

Bitcoin Technical Analysis : BTC/USD 18 February 2022

Bitcoin Technical Analysis : BTCUSD

Date : 18 February 2022

Pivot point : 39670

Our preference : rebound towards 42770.

Alternative scenario : the downside breakout of 39670 would call for 38460 and 37740.

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 40665 and 41882).

Supports and resistances :

43480 **
42770 *
42050
40615 – Last price
39670
38460 *
37740 **

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

Source : Trading Central

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