Bitcoin Price Stutters: Here are the Key Levels

Here's a look at what we are focusing on in the bitcoin price this evening. This morning we noted that action in the bitcoin price was perfect for going at the markets with an intrarange, intraday strategy. We discussed the fact that price seemed to have held pretty flat between two key levels for the last few days, and that by going after these two levels on a bounce/correction strategy might be our best option. As it turns out, we were right. Action has now matured throughout the day, and we managed to get in and out of the markets a couple of times for an intrarange profit based on our....

So last night we hit 300. Its been a few months since we've seen these levels in the bitcoin price, and reaching 300 shows that - despite numerous suggestions to the contrary - there are plenty of bulls out there ready to buy into any bitcoin price strength. Now action has matured throughout the Asian session, and as we head into a fresh European session this morning, what are the levels we are watching in the bitcoin price, and where are we looking next? More importantly, will the upside momentum continue today, or are we heading into a consolidation and some more corrective action? Take....

A little earlier on this morning we published a piece highlighting the action in the bitcoin price on Tuesday evening and throughout Tuesday night, and offered up some suggestions as to the levels we will be keeping an eye on during Wednesday's session in order to help us form an intraday bias throughout European business hours. Action has now matured throughout the day, and it looks as though - for now at least - BTCUSD has found a temporary floor. With this said, what are the levels we are watching as we head into the US afternoon session and beyond? Take a quick look at the chart. While....

The bitcoin price has struggled over the last couple of days, as we have seen a number of sharp breaks of support translate to some downside momentum. However, today, following yesterday's break, action has ranged throughout the majority of the day, and we are now trading just shy of a key level that - if broken - could spark a reversal and finally give us some bullish action in the bitcoin price this evening. That said, if current levels hold, it is likely that overnight we will see a return to the overarching bearish momentum. So, what are the levels that we are keeping an eye on in the....

Earlier this morning we published our twice-daily bitcoin price watch piece. In the piece, we highlighted levels that we were keeping an eye on bitcoin price throughout Tuesday's session, and suggested how we would respond to price reaching these levels as far as entering according to our intraday scalp strategy was concerned. Now, as action has matured throughout the European session and we head into a fresh Asian morning, what are the levels that we are going to be watching in the bitcoin price tonight, and where will we be looking to draw profit if we reach or break these levels? Take a....