Bitcoin Technical Analysis : BTC/USD 3 March 2021

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

Bitcoin Technical Analysis : BTC/USD 3 March 2021

Bitcoin Technical Analysis : BTCUSD

Date : 3 March 2021

Pivot point : 47720

Our preference : the upside prevails as long as 47720 is support.

Alternative scenario : below 47720, expect 45948 and 44894.

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 trading above both its 20 and 50 period moving average (respectively at 48346 and 48526).

Supports and resistances :

53534 **
52475 *
51417
49273 – Last price
47720
45948 *
44894 **

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

Source : Trading Central

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