{"id":12530,"date":"2015-02-13T21:29:06","date_gmt":"2015-02-14T02:29:06","guid":{"rendered":"https:\/\/wncen.com\/?p=12530"},"modified":"2024-06-11T12:55:33","modified_gmt":"2024-06-11T12:55:33","slug":"bitcoin-price-technical-analysis-1322015-bullish-sprint","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-technical-analysis-1322015-bullish-sprint\/","title":{"rendered":"Bitcoin Price Technical Analysis for 13\/2\/2015 \u2013 Bullish Sprint"},"content":{"rendered":"

Bitcoin price increased today, just as our analysis from yesterday predicted<\/a>, reaching a high of $242.54;\u00a0so, we are expecting a continuation of this bullish wave to take the price up to $300 during the next few days.<\/p>\n

By looking at the 1 day Bitfinex (BTC\/USD) charts from tradingview.com<\/a> and drawing a trend line between the high reached on the 13th\u00a0 of November, 2014 ($472.49) and the low reached on the 14th<\/sup> of January, 2015 ($167.05) and plotting the Fibonacci retracement fan accordingly, we can notice how today’s trading pulled the price up to $242.54. The new bullish wave will likely take the price up to test the 50% Fibonacci retracement fan level at around $244. In my opinion, if the bullish wave manages to raise the price above $256, we will be soon seeing the $300 level tested.<\/p>\n

\"bitcoin<\/a><\/p>\n

By studying the 4 hour Bitfinex (BTC\/USD) chart from tradingview.com and plotting William’s Alligator indiactor and Vortex Indicator, we can spot a few signs confirming strength of today’s bullish wave:<\/p>\n