FX.co ★ Trading Signal for Bitcoin BTC/USD for February 22 - 23, 2021: Rebound at $50,000

The price of Bitcoin / USD has fallen below the SMA of 21 in 4-hour charts, located at the level of $ 56,000 when breaking this support triggered the fall of BTC.

Given that the eagle indicator is showing a bearish signal and we have seen a divergence several days ago, it is likely that the fall will continue until the area of $50,000 dollars per BTC, at this level we recommend buying.

Support And Resistance Levels For February 22 - 23, 2021

Resistance (1) $54,694

Resistance (2) $57,703

Resistance (3) $59,012

Support (1) $50,377

Support (2) $49,181

Support (3) $47,738