Bitcoin Technical Analysis 02-26-21

By xuanling11 | Crypto Learning | 27 Feb 2021

Technical Analysis

Bitcoins opens at $47K and goes down to around $44K and stable around $44K ~ $45K. The average transaction fee is $22.61 which is 13.17% decrease from 02-25-21. As I mentioned yesterday, Bitcoin retreat around $44K after touch $48K. If it stables around $44K ~ $45K, the next target is stable at $50K and hit $52K. I think the correction at this level will continue. My calculation on its value is $50K at some point which indicates that Bitcoin may continue correction in coming week. You can reference my method here. Despite the correction, transaction fee is very expensive. Be patience!

I remain my floor price to $40K indicates the strong support and remain the ceiling price at $50K.

Bitcoin volatility is moving more volatile in yesterday. The market has reacted peak value at $58.6K but retreated to $44K which means the Bitcoin prepares for next milestone $60K soon if continue stabling around $58K. It is fairly stable at this level.

Bitcoin decreases its correlation for Dollar that it becomes a neutral position 👁️. The price may fluctuate more 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:



Here is the road map for today:



Most Bullish News 📈

Bitcoin challenges future finance

It indicates that Bitcoin may continue raising price after correction and whales continue accumulating Bitcoin.

Most Bearish News 📉

Bitcoin may slower be adopted

It indicates that Bitcoin may face correction with slower adoption.


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


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

Thanks for reading and see you tomorrow!


Note: Cross-references of this article has created by author and has cross-referenced on multiple platforms. You can find links below ⬇️⬇️:
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You can reference my previous monthly Bitcoin and Ethereum analysis here ⬇️⬇️:
💪💪 January 2021 Technical Analysis Summary 🚀🚀
You can reference my previous daily Bitcoin analysis here ⬇️⬇️:
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📈
Bitcoin Technical Analysis 02-21-21📉
Bitcoin Technical Analysis 02-22-21📉
Bitcoin Technical Analysis 02-23-21📉
Bitcoin Technical Analysis 02-24-21📉
Bitcoin Technical Analysis 02-25-21📉
You can reference my Bitcoin methodology here and here.
You can reference my previous daily Ethereum analysis here ⬇️⬇️:
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📈
Ethereum Technical Analysis 02-21-21📉
Ethereum Technical Analysis 02-22-21📉
Ethereum Technical Analysis 02-23-21📉
Ethereum Technical Analysis 02-24-21📉
Ethereum Technical Analysis 02-25-21📉
You can reference my previous daily 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 weekly Cryptomarket forecast analysis here ⬇️⬇️:
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🔥🔥
Crytomarket Weekly Overview and Forecast 02-12-21 to 02-19-21🔥🔥
Crytomarket Weekly Overview and Forecast 02-19-21 to 02-26-21🔥🔥
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.

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