Bitcoin Technical Analysis : BTC/USD 2 February 2021

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

Bitcoin Technical Analysis : BTC/USD 2 February 2021

Bitcoin Technical Analysis : BTCUSD

Date : 2 February 2021

Pivot point : 33169

Our preference : the upside prevails as long as 33169 is support.

Alternative scenario : the downside breakout of 33169 would call for 32141 and 31529.

Comment : the RSI is above its neutrality area at 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 33768 and 33819).

Supports and resistances :

36530 **
35916 *
35302
34008 – Last price
33169
32141 *
31529 **

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

Source : Trading Central

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