Bitcoin Technical Analysis : BTC/USD 9 February 2021

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

Bitcoin Technical Analysis : BTC/USD 9 February 2021

Bitcoin Technical Analysis : BTCUSD

Date : 9 February 2021

Pivot point : 46814

Our preference : the upside prevails as long as 46814 is support.

Alternative scenario : the downside breakout of 46814 would call for 45203 and 44244.

Comment : the RSI is above 70. It could mean either that the pair is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). 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 46362 and 43602).

Supports and resistances :

52070 **
51108 *
48140 – Last price
45203 *
44244 **

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

Source : Trading Central

If you open a live account with a broker that support Trading Central, you’ll get all technical analysis.

5 Popular Forex Brokers
Forex Auto Rebate / Cashback

All Likerebateforex members will receive the special discount or highest rebate rate 95% of our commissions. (Free! No additional conditions, fees and deals restrictions)

Forex Brokers

Direct special discount

Highest rebate rate 95%