Bitcoin Technical Analysis : BTC/USD 7 February 2022

7 February 2022 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 7 February 2022

Bitcoin Technical Analysis : BTCUSD

Date : 7 February 2022

Pivot point : 41790

Our preference : the upside prevails as long as 41790 is support.

Alternative scenario : below 41790, expect 40520 and 39770.

Comment : the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 42209 and 41847).

Supports and resistances :

45860 **
45100 *
44340
42830 – Last price
41790
40520 *
39770 **

Warning : This information isn’t a buy-sell signal.

Source : Trading Central

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