Bitcoin Price Technical Analysis for 26/2/2015 - Doom Before Moon

Bitcoin Price Technical Analysis for 26/2/2015 - Doom Before Moon

Yesterday, bitcoin price ranged between $235.5 and $239.33. Although bitcoin has been trading between $235 and $240 throughout the past few days, it seems that we will see it break out of this range soon. By studying the 1 hour Bitfinex (BTC/USD) charts from tradingview.com, drawing a trend line between the low reached on the 10th of February ($214) and the high reached on the 15th of February ($268) and plotting the Fibonacci retracement levels accordingly (look at the below chart), we can better understand the current market trends and we can also conclude the following: As shown by the....


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