Bitcoin Price Analysis 02/14/2018

1. Forming higher lows and lower highs,  Bitcoin price is currently consolidating inside a triangle pattern.
2. Price is bouncing off support 
3. The bounce could take place, possibly even leading to an upside break. 
4. At the bottom of its triangle consolidation Bitcoin price is finding support if buyers are strong enough. 

100 SMA is above the longer-term 200 SMA to confirm that the path of least resistance is to the upside.  100 SMA is currently holding as dynamic support and keeping losses.  buyers are in control of bitcoin price action  RSI also seems to be turning north. the $8,000 level could be enough for a bullish break hitting overbought levels could draw sellers back .

 DISCLAIMERS: THIS ARTICLE IS NARRATED FROM NEWSBTC.COM .  This #article should not be taken as, and is not intended to provide,#investment #advice. Please conduct your own thorough research before#investing in any #cryptocurrency.  

SOURCE OF ARTICLE : https://www.newsbtc.com/2018/02/14/bitcoin-price-technical-analysis-02-14-2018-sitting-tight-breakout/

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