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February 23rd, 2023: Bitcoin (NYXBT) Chart Update

Posted by pugsma on February 23, 2023

2:35 am EST: Bitcoin (NYXBT) bottom for Super Cycle II (SC-II) precisely where it was supposed to in November 2022 at $16,144. Since then Bitcoin has risen roughly 55% to the $25,000 level. The $25,000 level is strong overhead resistance at the 200-weekly SMA. Once this $25,000 level is cleared the P1-C1-SCIII target is near the old high at $68,412 in late 2023 to early 2024.

NYXBT weekly chart:

BTC Technical Analysis

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