BITCOIN / U.S. DOLLAR BTCUSD -Pitckfork and Elliot Wave analysis 23rd Feb 2018

BTC/USD

Bitcoin still looks bullish after the bounce at $6900 on the 6th of Feb to as high as $11700 and then a correction to $9600 which is currently trading at $10300.

As long as BTC stays withing the range of the pitchfork, The bull are taking the lead. with the aid of MACD, BTC is expected to rise back to its previous high at $19000.

Fig 1: BTC/USD

Fig 2: BTC MACD Detail on Elliot wave

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