Bitcoin Technical Analysis : BTC/USD 2 March 2020

2 March 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 2 March 2020

Bitcoin Technical Analysis : BTCUSD

Date : 2 March 2020

Pivot point : 8527

Our preference : the upside prevails as long as 8527 is support.

Alternative scenario : the downside breakout of 8527 would call for 8366 and 8270.

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 pair is above its 20 and 50 MAs (respectively at 8572 and 8560).

Supports and resistances :

9038 **
8942 *
8847
8653 – Last price
8527
8366 *
8270 **

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

Source : Trading Central

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