Bitcoin Technical Analysis : BTC/USD 8 February 2021

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

Bitcoin Technical Analysis : BTC/USD 8 February 2021

Bitcoin Technical Analysis : BTCUSD

Date : 8 February 2021

Pivot point : 37758

Our preference : the upside prevails as long as 37758 is support.

Alternative scenario : the downside breakout of 37758 would call for 36587 and 35891.

Comment : the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 38640 and 38649). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (39154).

Supports and resistances :

42059 **
41352 *
40646
39190 – Last price
37758
36587 *
35891 **

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

Source : Trading Central

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