Market Analysis of Bitcoin on Friday 11 February 2022

2022-02-11 10:15Source:BtcDana

Bitcoin / Dollar intraday: under pressure below 45290

 

Our pivot point stands at 45290.

 

Our preference:

Under pressure below 45290.

 

Alternative scenario:

Above 45290, look for 46600 and 47380.

 

Comment:

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 44773 and 44450).


Analyst Views Chart


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