Bitcoin Price Technical Analysis for 02/22/2018 – Potential Bounce Targets

Bitcoin Price Key HighlightsBitcoin price is still in correction mode but appears to be bouncing off the trend line support.
Applying the Fibonacci extension tool shows how high price could go if the trend line holds.
Technical indicators are signaling that the uptrend is about to resume.Bitcoin price is finding support at the area of interest on the trend line, 200 SMA, and $10,000 mark so the rally might resume from here.
Technical Indicators Signals
The 100 SMA is above the longer-term 200 SM