Bitcoin Technical Analysis : BTC/USD 4 February 2021

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

Bitcoin Technical Analysis : BTC/USD 4 February 2021

Bitcoin Technical Analysis : BTCUSD

Date : 4 February 2021

Pivot point : 36735

Our preference : as long as 36735 is support look for 39906.

Alternative scenario : below 36735, expect 35596 and 34918.

Comment : the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 37689 and 37003).

Supports and resistances :

40588 **
39906 *
39224
36645 – Last price
36735
35596 *
34918 **

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

Source : Trading Central

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