Market Analysis of Bitcoin on Wednesday 16 February 2022

2022-02-16 09:50Source:BtcDana

Bitcoin / Dollar intraday: as long as 43050 is support look for 46520

 

43050 is our pivot point.

 

Our preference:

As long as 43050 is support look for 46520.

 

Alternative scenario:

The downside breakout of 43050 would call for 41740 and 40960.

 

Comment:

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 44161 and 43632).

 

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