Bitcoin Technical Analysis 02-21-21

By xuanling11 | Crypto Learning | 22 Feb 2021


Technical Analysis

Bitcoins opens at $56K and goes up to around $58K and stable around $54K ~ $55K. The average transaction fee is $25.61 which is 2.99% decrease from 02-20-21. As I mentioned yesterday, Bitcoin retreat around $55K after touch $58K. If it stables around $54K ~ $55K, the next target is stable at $58K and hit $60K. The question is if Bitcoin will continue raising and be sustainable? My opinion is still yes which it will have more and more institutional buyers hype to buy. However, I also think the risk is high at this level.

I raise my floor price to $40K indicates the strong support and raise the ceiling price at $50K since $58K has reached!

Bitcoin volatility is moving less volatile in yesterday. The market has reacted peak value at $58.6K but retreated to $55K which means the Bitcoin prepares for next milestone $60K soon if continue stabling around $58K.

Bitcoin increases its correlation for Gold that it becomes a neutral position 👁️. The price may fluctuate less in the coming day with price toward mid-level. There may have higher risks in the coming day as the greed level still high!

Bitcoin Value =  $40k ~ $50k and my position is Long.

Here are some highlights to support my analysis:

9edf02e5432f3d356c1d2f8393d42ab4d4b376d74dacc4b361cb7106bff9157c.png5beed8a95ae54c170da77fe7a96c93cb6171fad126fe410988c28d8503bf3838.png

Here is the road map for today:

c43059df6daf5302a317f2293a06f5592ecada71e0b75cd4266e740c0114fb94.png

14404f5247fb0704e38cfc8bf24bc91d627e09c038b71924ce55cf6316d695f5.png

Most Bullish News 📈

Bitcoin is not a threat to US dollar

It indicates that Bitcoin may continue raising more.

Most Bearish News 📉

Stimulus pushes Bitcoin price higher

It indicates that Bitcoin may face correction later with exceed supply.

-------------------------------------------------------------------------------------

Here are summary of general forecast of this week of economy and market:
e8df82c31c5d9de948df81eda3cce375887a8c7d7efafa111226026643d10dc0.png

894d1a3dd1956bd48bc40c8793b44dfa871e66e60eedf382c701a87daf92e8dd.png

Also, if you have any suggestions, please do not hesitate to let me know!

Thanks for reading and see you tomorrow!

893a5f1bf20990c72b5ac1ff130dfed604021aca01b7218d6c5e436906458d8b.png

-------------------------------------------------------------------------------------
You can follow me here:
📩 Publish0x and join here 💡
📩 Floyx
📩 Hive Blog
📩 Trybe and join here 💡
📩 Steemit
📩 Read.cash
📩 Noise.cash
📩 Leo Finance
📩 Torum clan and join here 💡
📩 Uptrennd
📩 Markethive
📩 Den
📩 Lbry.tv
-------------------------------------------------------------------------------------
Passive income invitation:
💸 Honeygain
💸 PacketStream
💸 Blade Adbank and code 💡
Check here for details
-------------------------------------------------------------------------------------
Mobile mining:
📲 Pi Coin
📲 Bee Coin
📲 Midoin
📲 Initiative Q
All invitation code to use: xuanling11
Check here for details
-------------------------------------------------------------------------------------
You can reference my previous Bitcoin analysis here:
Bitcoin Technical Analysis 01-07-21📈
Bitcoin Technical Analysis 01-08-21📈
Bitcoin Technical Analysis 01-09-21📉
Bitcoin Technical Analysis 01-10-21📉
Bitcoin Technical Analysis 01-11-21📉
Bitcoin Technical Analysis 01-12-21📈
Bitcoin Technical Analysis 01-13-21📉
Bitcoin Technical Analysis 01-14-21📈
Bitcoin Technical Analysis 01-15-21📉
Bitcoin Technical Analysis 01-16-21📉
Bitcoin Technical Analysis 01-17-21📉
Bitcoin Technical Analysis 01-18-21📈
Bitcoin Technical Analysis 01-19-21📈
Bitcoin Technical Analysis 01-20-21📉
Bitcoin Technical Analysis 01-21-21📉
Bitcoin Technical Analysis 01-22-21📈
Bitcoin Technical Analysis 01-23-21📉
Bitcoin Technical Analysis 01-24-21📉
Bitcoin Technical Analysis 01-25-21📈
Bitcoin Technical Analysis 01-26-21📉
Bitcoin Technical Analysis 01-27-21📉
Bitcoin Technical Analysis 01-28-21📈
Bitcoin Technical Analysis 01-29-21📈
Bitcoin Technical Analysis 01-30-21📉
Bitcoin Technical Analysis 01-31-21📉
Bitcoin Technical Analysis 02-01-21📈
Bitcoin Technical Analysis 02-02-21📈
Bitcoin Technical Analysis 02-03-21📈
Bitcoin Technical Analysis 02-04-21📉
Bitcoin Technical Analysis 02-05-21📈
Bitcoin Technical Analysis 02-06-21📉
Bitcoin Technical Analysis 02-07-21📈
Bitcoin Technical Analysis 02-08-21📈
Bitcoin Technical Analysis 02-09-21📉
Bitcoin Technical Analysis 02-10-21📉
Bitcoin Technical Analysis 02-11-21📈
Bitcoin Technical Analysis 02-12-21📈
Bitcoin Technical Analysis 02-13-21📈
Bitcoin Technical Analysis 02-14-21📈
Bitcoin Technical Analysis 02-15-21📈
Bitcoin Technical Analysis 02-16-21📈
Bitcoin Technical Analysis 02-17-21📈
Bitcoin Technical Analysis 02-18-21📈
Bitcoin Technical Analysis 02-19-21📈
Bitcoin Technical Analysis 02-20-21📈
You can reference my Bitcoin methodology here and here.
-------------------------------------------------------------------------------------
You can reference my previous Ethereum analysis here:
Ethereum Technical Analysis 01-07-21📈
Ethereum Technical Analysis 01-08-21📉
Ethereum Technical Analysis 01-09-21📈
Ethereum Technical Analysis 01-10-21📉
Ethereum Technical Analysis 01-11-21📉
Ethereum Technical Analysis 01-12-21📈
Ethereum Technical Analysis 01-13-21📉
Ethereum Technical Analysis 01-14-21📈
Ethereum Technical Analysis 01-15-21📉
Ethereum Technical Analysis 01-16-21📈
Ethereum Technical Analysis 01-17-21📉
Ethereum Technical Analysis 01-18-21📈
Ethereum Technical Analysis 01-19-21📈
Ethereum Technical Analysis 01-20-21📉
Ethereum Technical Analysis 01-21-21📉
Ethereum Technical Analysis 01-22-21📈
Ethereum Technical Analysis 01-23-21📈
Ethereum Technical Analysis 01-24-21📈
Ethereum Technical Analysis 01-25-21📈
Ethereum Technical Analysis 01-26-21📉
Ethereum Technical Analysis 01-27-21📉
Ethereum Technical Analysis 01-28-21📈
Ethereum Technical Analysis 01-29-21📈
Ethereum Technical Analysis 01-30-21📈
Ethereum Technical Analysis 01-31-21📉
Ethereum Technical Analysis 02-01-21📈
Ethereum Technical Analysis 02-02-21📈
Ethereum Technical Analysis 02-03-21📈
Ethereum Technical Analysis 02-04-21📉
Ethereum Technical Analysis 02-05-21📈
Ethereum Technical Analysis 02-07-21📈
Ethereum Technical Analysis 02-08-21📈
Ethereum Technical Analysis 02-09-21📉
Ethereum Technical Analysis 02-10-21📉
Ethereum Technical Analysis 02-11-21📈
Ethereum Technical Analysis 02-12-21📈
Ethereum Technical Analysis 02-13-21📈
Ethereum Technical Analysis 02-14-21📈
Ethereum Technical Analysis 02-15-21📉
Ethereum Technical Analysis 02-16-21📈
Ethereum Technical Analysis 02-17-21📈
Ethereum Technical Analysis 02-18-21📈
Ethereum Technical Analysis 02-19-21📈
Ethereum Technical Analysis 02-20-21📈
-------------------------------------------------------------------------------------
You can reference my previous Dogecoin analysis here:
Doge Analysis 12-28-21📈
Doge Analysis 01-01-21📈
Doge Analysis 01-02-21📈
Doge Analysis 01-11-21📉
Doge Analysis 01-28-21📈
Doge Analysis 02-04-21📈
Doge Analysis 02-07-21📈
-------------------------------------------------------------------------------------
You can reference my previous Cryptomarket forecast analysis here:
Crytomarket Weekly Overview and Forecast 01-15-21 to 01-22-21🔥🔥
Crytomarket Weekly Overview and Forecast 01-22-21 to 01-29-21🔥🔥
Crytomarket Weekly Overview and Forecast 01-29-21 to 02-05-21🔥🔥
Crytomarket Weekly Overview and Forecast 02-05-21 to 02-12-21🔥🔥
-------------------------------------------------------------------------------------
Risk forecast guideline:
Risk Averse means you can use as defense 🛡️
Risk Seeking means you can use as offense ⚔️
Risk Neutral means no decision made and continue seeking opportunities 👁️
-------------------------------------------------------------------------------------
Disclosure: I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose cryptocurrencies are mentioned in this article. This information is only for educational purposes.

 

How do you rate this article?


2

0

xuanling11
xuanling11

A delusional author who is possibly a nut job without any questions whatsoever about expertise in the subject matters to write with a freestyle.


Crypto Learning
Crypto Learning

All article was written by a delusional author who is possibly a nut job without any questions whatsoever about expertise in the subject matters.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.