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FX.co ★ BTC analysis for February 07,.2022 - Pivot level at $43.000 on the test

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Forex Analysis

2022-02-07T13:53:30
iconRelevance until2022-02-08

BTC analysis for February 07,.2022 - Pivot level at $43.000 on the test

Technical analysis:

BTC analysis for February 07,.2022 - Pivot level at $43.000 on the test

BTCUSD has been trading upside towards the resistance at $43,000. The BTC is testing the key pivot at $43,000 and the price action around the key pivot will be key.

Trading recommendation:

In case of the upside breakout of the $43,000, watch for upside opportunities with the upside objective at the price of $44,400

In case of the rejection of the key pivot at $43,000, watch for potential downside opportunities towards $41,000

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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