Bitcoin Technical Analysis : BTC/USD 5 March 2021

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

Bitcoin Technical Analysis : BTC/USD 5 March 2021

Bitcoin Technical Analysis : BTCUSD

Date : 5 March 2021

Pivot point : 45969

Our preference : rebound towards 50632.

Alternative scenario : below 45969, expect 44262 and 43246.

Comment : the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (47294) but under its 50 period moving average (48388).

Supports and resistances :

51654 **
50632 *
49611
47333 – Last price
45969
44262 *
43246 **

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

Source : Trading Central

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