Bitcoin Price Technical Analysis for 02/09/2018 – Slow But Steady Climb

Bitcoin Price Key HighlightsBitcoin price is testing an area of interest at the $8,000 major psychological level which lines up with several support levels.
For one, this is the bottom of a short-term ascending channel visible on the 1-hour time frame.
This also coincides with the 61.8% Fibonacci retracement level, which already appears to have held as a floor.Bitcoin price could be due for a small bounce off these short-term support levels as bullish pressure appears to be slowly returning.
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