Bitcoin Price Technical Analysis for 25/02/2016 – Bulls Gaining Ground!
Bitcoin price could be aiming for its previous high or more gains beyond that, as the area of interest held as support. 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....
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