Bitcoin Price Ranges: What's Next?
A little earlier this morning we published our twice-daily bitcoin price watch piece highlighting the levels we were keeping an eye on throughout today session. Action has now matured throughout the day, and - while we are trading at pretty much the same levels as we were when we published this morning's piece, we have seen a certain amount of volatility and some action that suggests we could get a break out a little later on this evening. With this said, what are the levels we are now keeping an eye on, and where will be looking to trade to and from the bitcoin price tonight? Take a quick....
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Here is our slightly altered (but hopefully just as effective) bitcoin price watch intraday strategy for Friday's European session. Those who have followed along with our bitcoin price watch pieces over the last few weeks will have noticed a common thread running through our strategy. We’ve been defining relatively tight ranges and skipping in and out of the markets with these ranges on breakout scalp trades. It’s been somewhat effective but there have been some pretty frustrating periods through which we’ve had to sit and stay net flat in the markets. Well, to mix things up a little....
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On-chain data suggests the path to $2,500 could be open for Ethereum now that the asset has managed to cross the $2,100 mark. Ethereum Has No Major Resistance Levels Until $2,500 In a new post on X, the market intelligence platform IntoTheBlock has provided an update on how the Ethereum levels are looking in terms of on-chain support and resistance. In on-chain analysis, ranges are defined as support or resistance based on how many investors acquired their coins inside them. The below chart shows the density of addresses at various levels above and below the current spot price of the....