The last time Bitcoin consolidated for a big leap, it took nearly eight months. The current consolidation is just entering its fourth month, so we shouldn’t necessarily expect a significant move any time soon. Gratuitous swings will be tradable in the meantime, but not without diligent attention to the intraday charts. BTCUSD is on a buy signal at the moment that was triggered on Friday by a low that fell within a millimeter of a 96,673 Hidden Pivot ‘p’ support (60-min, a= 98,500 on 2/11). It can reach 100,393, especially if the uptrend penetrates a midpoint Hidden Pivot resistance at 98,558 first. (60m, A=95,220 on 2/13). Please note that there are still two outstanding targets well above at, respectively, 116,807 and 144,586
$BTCUSD – Bitcoin (Last:96,911)
