Bitcoin Technical Analysis : BTC/USD 28 February 2020

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

Bitcoin Technical Analysis : BTC/USD 28 February 2020

Bitcoin Technical Analysis : BTCUSD

Date : 28 February 2020

Pivot point : 8928

Our preference : the downside prevails as long as 8928 is resistance.

Alternative scenario : the upside breakout of 8928, would call for 9092 and 9189.

Comment : the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 8821 and 8835).

Supports and resistances :

9189 **
9092 *
8928 **
8864
8795 – Last price
8571
8474 **
8377 *
8280 **

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

Source : Trading Central

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