BTC/USD: After the rollercoaster ride last month and the indecisive long legged doji cross on the monthly chart, it is nice to see the recovery continue and last week making new highs each day for the end of Feb. We are well above the 50% Fib at 945.68 and moving higher to the middle tine resistance of the Nov 2016 – Jan 2017 Andrew's pitchfork at 1069.52(currently). Consecutive closes above this might see a free ride up to the 2017 high at 1140.09.
Beyond that we have resistance at 1164.02, 1176.14(dynamic) and projected resistance at 1231.64, 1288.46, 1334.38 and 1380.30. Support is at 991.56, 977.07(dynamic), 945.68(key), 937.74, 924.88, 910.11, 899.80 and 882.37. With all this action, I’m dropping the question mark on the bullet point above and going fully bullish.
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