Bitcoin Technical Analysis : BTC/USD 2 February 2022

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

Bitcoin Technical Analysis : BTC/USD 2 February 2022

Bitcoin Technical Analysis : BTCUSD

Date : 2 February 2022

Pivot point : 39320

Our preference : the downside prevails as long as 39320 is resistance.

Alternative scenario : above 39320, look for 40460 and 41130.

Comment : the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 38622 and 38596).

Supports and resistances :

41130 **
40460 *
39320
38405 – Last price
37010
36330 *
35650 **

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

Source : Trading Central

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