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Author Topic: [2016-02-25]Bitcoin Price Technical Analysis – Bulls Gaining Ground!  (Read 233 times)
Blawpaw
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February 25, 2016, 12:51:18 PM
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Bitcoin Price Technical Analysis for 25/02/2016 – Bulls Gaining Ground!

Using the trend-based Fib extension tool from the swing low of $370 to a swing high of $445 and a pullback near $410 shows that price might hit its first resistance around $436.93 or the 38.2% level. The next potential resistance or 50% level is around the swing high of $445, followed by the 61.8% Fib at $454 then at the 76.4% extension at $465, which lines up with the highs earlier this year. Further gains past that point could lead a move all the way up to the full extension around $482 then possibly to last year’s highs closer to $500...

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