BTC/USD Analysis

Market news

27 February 2018

BTC/USD Analysis

On daily time frame chart, we can see that Bitcoin is giving again signs of a possible new bullish trend after the last bearish month.

We can see on the chart that the price has rejected the fibonacci's levels 78.2% and the Moving Average (SMA 200).

Besides that, we also can see that the price has broken the downside trend line.

Therefore, we can expect a further bullish movement on BTC/USD.

Germany: CPI, y/y , February 1.4% (forecast 1.5%)

Eurozone: Consumer Confidence, February 0.1 (forecast 0.1)

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