Bitcoin Price Still Consolidating - Potential Three Drives Pattern Forming

in bitcoin •  7 years ago 

Bitcoin Price Technical Analysis for 13.02.18 - 

I'm seeing a "three drives pattern' forming on the hourly (and short term) charts for BTC USD. This is still a bullish signal in the short term, but we really need to start seeing the price of BTC push up and retest the $9,000 level and then actually break the resistance level around $9,200 which equates to the 23.2% FIB. 

The $10,500 level and above in the coming days/weeks will provide strong evidence that the BTC USD price is consolidating upwards and that we have indeed found the bottom.

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