Bitcoin Technical Analysis : BTC/USD 19 February 2021

Bitcoin Technical Analysis : BTCUSD

Date : 19 February 2021

Pivot point : 50175

Our preference : rebound.

Alternative scenario : the downside breakout of 50175 would call for 48463 and 47444.

Comment : the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (51512) but below its 50 period moving average (51675).

Supports and resistances :

55832 **
54809 *
53785
51600 – Last price
50175
48463 *
47444 **

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

Source : Trading Central

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