BTC/USD Analysis and Price update 20th Feb, 2018

in bitcoin •  7 years ago 

BTC/USD

Bitcoin resumes uptrend on 7th of Feb trading as low as $6900 which then bounced in a 15 day uptrend as shown on Fig 2 below.

BTC is expected to hit $16,000 on next target while currently trading at $11,371.

According to blocktivity.info BTC is currently using 41.65% of its blockchain capacity which means bitcoin network is not congested and no pending transactions.


Fig 1: Capacity Utilizatioin Index (CUI):
This index represents the actual blockchain usage and the remaining available capacity. Have a look at how many Tx have been recorded during a day and see how much more capacity the blockchain has left.


Fig 2: 15 day uptrend


Fig 3 The BOUNCE

CAVEAT: The analysis is based on Education, my opinion and trading decisions. Good luck and trade with caution.

Your Comments, suggestion and questions are highly welcomed

If this blog post has entertained or helped you to profit,

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7 years ago by

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      ·  7 years ago 

    I hope bitcoin reaches 15k$ by next week

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      ·  7 years ago 

    it is possible with segwit just implemented and the network is presently not congested

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      [-]
        ·  7 years ago 

      First :) Nice TA @trizle + UPVOTE

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      [-]
        ·  7 years ago 

      +1

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        [-]
          ·  7 years ago 

        I'm ready for a bull market!

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        [-]
          ·  7 years ago (edited)

        so am i. am looking at a possible way to stock more bitcoin

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          ·  7 years ago 

        Thanks for your analysis, good as always

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            ·  7 years ago 

          you're very welcome

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