Bitcoin Price Rockets: More Gains Today?
In yesterday evening's bitcoin price watch piece, we looked at the action we had seen during the European session, and suggested that - if we could get a breakout to the upside - it may be the potential driver behind a medium to long-term revaluation in the bitcoin market. Bitcoin has declined quite considerably over the last few months, and - having bottomed out around $200 last month - looked to be due some upside momentum. The fundamentals remain strong, and as bitcoin infrastructure is built, it's price - while volatile - should not depreciate to considerably. Overnight last night, we....
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Bitcoin price has thus far made a 7% intraday move following news that a US court ruled in favor of Grayscale against the SEC. At the same time, the stock market is surging. Could a perfect storm for the top cryptocurrency by market cap be building? Back At $28,000: Grayscale Court Ruling Causes BTC To Bounce In an asset class as volatile as crypto, prices — and moods — can change in a flash. That’s exactly what we’ve witnessed on a small scale today, moments after news broke that a US court is forcing the SEC to reconsider Grayscale’s Bitcoin ETF. Related Reading: BREAKING: Grayscale....
Its that time again-where we take a look at what happened overnight in the Bitcoin price in an attempt to decipher the likelihood of some volatility, today. We've seen some erratic movement over the past week or so, with large moves during the overnight Asian session preceding consolidation, and-in turn-range-bound action during the European session. Are we set for more of the same today, or is the trend reversed? Further-and in response to either scenario-can we bring our strategy to the fore and draw a profit from the market? If we get some action, then of course! So, with this said,....
Earlier on this morning, shortly before the markets opened in the UK, we published our twice-daily bitcoin price watch piece. In the piece we highlighted the levels that we would be keeping an eye on in the bitcoin price during today's session, and suggested how we might respond to price reaching or breaking these levels as far as getting in on a potential breakout was concerned. Action today has certainly validated our breakout strategy, and we have had a number of opportunities to get in and out of the markets according to our predefined targets. With this said, what are the levels that....
In this morning's bitcoin price watch piece, we highlighted the levels that we would be watching during today's European session, and suggested how we would respond to price reaching or breaking these levels as far as getting in according to our intraday strategy was concerned. We pointed out in particular that we had seen some volatility throughout Thursday evening's European close, and as we entered into the Asian session, and suggested that we would love this volatility to continue and allow us to get in and out of the markets according to our breakout strategy if it did. Now action has....