Bitcoin Weekly Analysis - What BTC / Dollar More Capital?
Important Point
• Bitcoin is less than $ 9096 against the US dollar and made up of a main floor to lift well.
• The BTC / USD pair is currently trying to put the above two bearish trend lines with the resistance of $ 1250 at the 4-hour chart (data feed from Simplefx).
• The proximity of the nearest period is worth upwards of $ 12800 for achieving growth.
Bitcoin prices boosted by $ 11,500 against the US dollar. BTC / USD is trading with a positive bias and it looks set to break the resistance of $ 12,800.
Bitcoin price trends and resistance
After a major fall, Bitcoin was able to find buyers below the $ 10,000 level against the US dollar. There is a low $ 9096 where a compromise recovery starts.
Able to increase the price and trade above $ 10,000 resistance.
At $ 14,219 higher than $ 9096 less than the last refusal 23.6% was a break above the level of Fib Returns.
There are many positive signs listed above $ 11,000 More importantly, the price is above the level of 50% Fib Retracement from the $ 14,219 high to $ 9096 low-end trend.
At this point, the BTC / USD pair is currently trying to put two bearish trend lines on the resistance of $ 12,250 in the 4-hour chart.
It's a positive sign above $ 12,000. However, to achieve the pace of pulling up the $ 12,800 had to sit above the level. Furthermore, the price of $ 14,219 to $ 9096 less than $ 13,010, the last rejection of 61.8% of the FB retracement level must be cleared. This pair seems to be seen singly at a price of less than $ 13,000. . Bitcoin will be able to move above $ 13,000, but there may be more profits in near term over $ 15,000.
Looking at the Technical Indicator:
4 hours MACD - MACD is now slowly moving in the Bulish regions.
4-hour RSI (Relative Strength Index) - RSI is moving above 50 levels and gradually moving down.
Major support level - $ 11,000
Major Resistance Level - $ 13,000
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Bitcoin doing same according to this analysis towards 20k.
https://steemit.com/bitcoin/@salahuddin2004/bitcoin-13-02-2018
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