Technical Analysis and Outlook:
After hitting our Key Res $24,500, as shown on the Bitcoin Daily Chart Analysis Update For the Week of Feb 17, the coin is retreating aggressively, striking our target of the Mean Sup $23,500 as marked and showing an earmark move to Mean Sup $21,500. Once this puppy settles down, we will see a resurgence to the upside - the initial target of Key Res $25,000 with a rally all the way to the Outer Coin Rally of $26,000 and the Extended Outer Coin Rally of $27,000 targets.
After hitting our Key Res $24,500, as shown on the Bitcoin Daily Chart Analysis Update For the Week of Feb 17, the coin is retreating aggressively, striking our target of the Mean Sup $23,500 as marked and showing an earmark move to Mean Sup $21,500. Once this puppy settles down, we will see a resurgence to the upside - the initial target of Key Res $25,000 with a rally all the way to the Outer Coin Rally of $26,000 and the Extended Outer Coin Rally of $27,000 targets.