Bitcoin Technical Analysis : BTC/USD 24 February 2021

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

Bitcoin Technical Analysis : BTC/USD 24 February 2021

Bitcoin Technical Analysis : BTCUSD

Date : 24 February 2021

Pivot point : 48222

Our preference : the upside prevails as long as 48222 is support.

Alternative scenario : below 48222, expect 46488 and 45456.

Comment : the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 49408 and 48491).

Supports and resistances :

54081 **
53042 *
52003
49857 – Last price
48222
46488 *
45456 **

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

Source : Trading Central

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