[2016-01-22]Bitcoin Price Technical Analysis – Bulls Revving Up?

[Blawpaw]

Bitcoin Price Technical Analysis for 22/01/2016 – Bulls Revving Up?

As you can see from the chart below, the 50%-61.8% Fibonacci retracement levels are closest in line to the rising trend line around the $390-400 bitcoin price levels. This is also near the moving averages, which tend to act as dynamic inflection points.


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http://www.newsbtc.com/2016/01/22/bitcoin-price-technical-analysis-for-22012016-bulls-revving-up/