Market Analysis of Bitcoin on Wednesday 2 February 2022

2022-02-02 08:30Source:BtcDana

Bitcoin / Dollar intraday: as long as 37660 is support look for 40800

 

37660 is our pivot point.

 

Our preference:

As long as 37660 is support look for 40800.

 

Alternative scenario:

Below 37660, expect 36520 and 35830.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 38679 and 38541).


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