Market Analysis of Bitcoin on Tuesday 8 February 2022

2022-02-08 08:45Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 42990 is support

 

Our pivot point stands at 42990.

 

Our preference:

The upside prevails as long as 42990 is support.

 

Alternative scenario:

Below 42990, expect 41680 and 40910.

 

Comment:

The RSI is above 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 43550 and 42834).


Analyst Views Chart


This material is from Trading Central and is being posted with permission from Trading Central. The views expressed in this material are solely those of the author and/or Trading View and BTCDana is not endorsing or recommending any investment or trading discussed in the material. Before acting on this material, you should consider whether it is suitable for your circumstances and as necessary, seek professional advice.


More