Bitcoin Technical Analysis : BTC/USD 3 February 2021

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

Bitcoin Technical Analysis : BTC/USD 3 February 2021

Bitcoin Technical Analysis : BTCUSD

Date : 3 February 2021

Pivot point : 35641

Our preference : the upside prevails as long as 35641 is support.

Alternative scenario : the downside breakout of 35641 would call for 34536 and 33879.

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 36084 and 35349).

Supports and resistances :

39371 **
38709 *
38048
36645 – Last price
35641
34536 *
33879 **

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

Source : Trading Central

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