Bitcoin Technical Analysis : BTC/USD 25 February 2022

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

Bitcoin Technical Analysis : BTC/USD 25 February 2022

Bitcoin Technical Analysis : BTCUSD

Date : 25 February 2022

Pivot point : 37600

Our preference : as long as 37600 is support look for 40590.

Alternative scenario : below 37600, expect 36450 and 35770.

Comment : the RSI is above 50. The MACD is positive and below its signal line. the price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 38504 and 36722).

Supports and resistances :

41270 **
40590 *
39900
38543 – Last price
37600
36450 *
35770 **

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

Source : Trading Central

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