Bitcoin Price Rockets: Upside Back On?
In this morning's bitcoin price we highlighted the levels that we were going to keep an eye on throughout today; s session, and suggested where we would be looking to get in and out of the market according to our intraday strategy if we get any volatility. Action has now matured throughout the day and as we head into a fresh Asian session, what are the levels that we are keeping an eye on, did the levels we slated this morning hold firm or did we get a break out, and where will we be looking to enter the markets according to our intraday strategy this evening? Take a look at the chart. As....
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Earlier this morning, shortly before the markets opened in the UK, we published our twice-daily bitcoin price watch analysis piece. In the piece we highlighted a number of the key levels that we were keeping an eye on, and suggested how we might react to price reaching or breaching these levels as far as entering a position is concerned. Now action has matured throughout the day on Monday, what are we looking at in the bitcoin price on Monday evening, and how can we implement our strategy heading forward? Take a quick look at the chart. As the chart shows, we've had some quite volatile....
Bitcoin is in the process of rocketing up towards $32,000, with the cryptocurrency showing some immense signs of strength as bulls target it seeing further upside The overnight breakout rally that allowed it to see this explosive move higher came as a shock, with the resistance at $30,000 being sliced through with ease The strength of this movement does bode well for bulls, as it indicates that significantly further upside could be imminent in the […]
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....
It seems that every day over the past couple of weeks we have seen strength in the bitcoin price. When we spiked down through the $200 mark at the end of August, it looked as though bitcoin was in for a tough final quarter - how quickly things change. A look at the daily chart reveals just two days of decline from the last 19 days of action, and we are now trading just shy of 2015 highs. One more push up and we could carve out fresh highs - something that in itself could translate to some further upside momentum going forward. So, with this said, let's take a look at the levels we are....