Bitcoin Technical Analysis : BTC/USD 2 March 2021

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

Bitcoin Technical Analysis : BTC/USD 2 March 2021

Bitcoin Technical Analysis : BTCUSD

Date : 2 March 2021

Pivot point : 50131

Our preference : target 45399.

Alternative scenario : above 50131, look for 51890 and 52937.

Comment : the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (49131) but above its 50 period moving average (48344).

Supports and resistances :

52937 **
51890 *
50131
48672 – Last price
46441
45399 *
44357 **

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

Source : Trading Central

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