Bitcoin Technical Analysis : BTC/USD 8 March 2021

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

Bitcoin Technical Analysis : BTC/USD 8 March 2021

Bitcoin Technical Analysis : BTCUSD

Date : 8 March 2021

Pivot point : 49370

Our preference : as long as 49370 is support look for 54203.

Alternative scenario : below 49370, expect 47537 and 46445.

Comment : the RSI is above its neutrality area at 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 50747 and 50577).

Supports and resistances :

55296 **
54203 *
53109
50922 – Last price
49370
47537 *
46445 **

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

Source : Trading Central

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