BTC/USD Analysis

Market news

14 February 2018

BTC/USD Analysis

On daily time frame chart, we can see that the price is slowing down its last bearish movements.

If we look at Fibonacci levels we can see that the price has rejected the 78.2% fibs levels which can be an opportunity to Long entries in this crypto.

Therefore, we can expect a further appreciation by Bitcoin soon if the price remains above the 78.2% fibs levels.

U.S.: Business inventories , December 0.4% (forecast 0.3%)

U.S. Stocks open: Dow -0.53% Nasdaq -0.50%, S&P -0.50%

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