Bitcoin Price Breaks: 285 Now Key
In yesterday's twice-daily bitcoin price watch piece, we pointed out 285.86 has presented us with long-term resistance, and that it was proving to be a very difficult price to reach or break above as far as getting in according to a bullish bias was concerned. Once again, overnight on Tuesday, we reached this level and quickly reversed to correct to the downside. With this said, what are the levels that we are keeping an eye on in the bitcoin price today, where did action overnight suggest that price might go during today's European session, and how can we get in and out markets according....
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Here's a look at what we are focusing on in the bitcoin price this evening. Action today has been pretty flat, and we’ve not had too much opportunity to get in and out of the markets according to the levels we outlined this morning. Price ranged sideways for the majority of the European session, and while we got the odd break, it didn’t last, and price returned to close back within the range before the candle closed out, so we didn’t get in on the break. It can be frustrating sometimes when we don’t get in on the breaks, especially when we see volume, but there’s a silver lining. When....
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