Bitcoin Technical Analysis : BTC/USD 27 February 2020

27 February 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 27 February 2020

Bitcoin Technical Analysis : BTCUSD

Date : 27 February 2020

Pivot point : 8588

Our preference : rebound towards 9041.

Alternative scenario : the downside breakout of 8588 would call for 8426 and 8329.

Comment : the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair is trading above its 20 MA (8734) but under its 50 MA (8916).

Supports and resistances :

9235 **
9138 *
9041 **
8945
8750 – Last price
8651
8588 **
8426 *
8329 **

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

Source : Trading Central

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