Bitcoin and Ethereum – Weekly Technical Analysis – February 22nd, 2021

Bitcoin

Bitcoin, BTC to USD, rallied by 18.06% in the week ending 21st February. Following on from a 25.08% breakout from the previous week, Bitcoin ended the week at $57,376.0.

A mixed start to the week saw Bitcoin fall to a Monday intraweek low $45,730.5 before making a move.

Steering clear of the first major support level at $41,134, Bitcoin rallied to a Sunday intraweek high and a new swing hi $58,321.2.

Bitcoin broke through the first major resistance level at $57,109 and the second major…


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