Bitcoin Technical Analysis : BTC/USD 4 March 2021

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

Bitcoin Technical Analysis : BTC/USD 4 March 2021

Bitcoin Technical Analysis : BTCUSD

Date : 4 March 2021

Pivot point : 51184

Our preference : the downside prevails as long as 51184 is resistance.

Alternative scenario : the upside breakout of 51184, would call for 52980 and 54049.

Comment : the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 50419 and 50786).

Supports and resistances :

54049 **
52980 *
51184
49273 – Last price
47309
46247 *
45186 **

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

Source : Trading Central

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