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02.02.202113:08 Forex Analysis & Reviews: Technical analysis of Bitcoin/USD for February 2, 2021

Exchange Rates 02.02.2021 analysis

As long as minor resistance at 40,073 is able to cap the upside, we can't exclude a second corrective dip closer to 27,366 before the next impulsive rally sets in.

Trading recommendation:

Buy Bitcoin near 27,366 if possible or buy a break above minor resistance at 40,073 for the next big rally higher.

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

Torben Melsted,
Analytical expert of InstaSpot
© 2007-2024
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