Bitcoin (BTC/USD) Daily Chart Analysis For Week of Feb 10, 2023
Technical Analysis and Outlook:
Bitcoin hit our initial progressive pullback Mean Sup $22,500 and extended a retreat to Mean Sup $21,500 on Friday as shown on Bitcoin Daily Chart Analysis For the Week of Feb 3. Once this puppy flushed out weak-longs, resumption to the upside shows the initial target of Mean Res $22,650 with a possible rally all the way to the Mean Res $23,300 and $24,000 - this week.
Bitcoin hit our initial progressive pullback Mean Sup $22,500 and extended a retreat to Mean Sup $21,500 on Friday as shown on Bitcoin Daily Chart Analysis For the Week of Feb 3. Once this puppy flushed out weak-longs, resumption to the upside shows the initial target of Mean Res $22,650 with a possible rally all the way to the Mean Res $23,300 and $24,000 - this week.
Comment:
After flushing out weak-longs, the coin hit our designated targets: Mean Res $22,650, Mean Res $23,300, and $24,000 and resting comfortably at our Key Res $24,500. Once this puppy settles down, we will see a resurgence on the upside to finalize the Outer Coin Rally of $26,000 as first flashed on coin Daily Chart Analysis For the Week of Jan 20, 2023.