Bitcoin Price Soars: More Gains Today?
Sometimes, when it comes to intraday trading, things just go right. We can have weeks of small gains or losses, and then all of a sudden a string of decent scale wins come along. This is why patience (and a consistent strategy) is so important. This week has been a great example of the latter situation. Each day we have seen our range and breakout strategy signal an entry, and then seen the bitcoin price validate that entry with a target hit. Yesterday was no different - and as we head into a fresh session on Friday in Europe, we are looking to end the week on a high. So, with this said,....
Related News
A large chunk of the gains had retraced by mid morning, however.
Another day, another peak scaled by bitcoin. Today, the Bitstamp Price Index rang $450 for the first time this year. The bitcoin price struck $450.38 at 10:44 UTC today and scaled yet another year high of $483 at the time of publishing. For a live Bitcoin Price chart, click here.
Yesterday evening, in our twice daily bitcoin price watch piece, we published our take on the bitcoin price for the evening session. We hypothesized that - on the back of the momentum we had seen throughout the majority of the last few weeks, we would see further bullish momentum. If we did, we suggested we would enter towards 400 flat as an immediate upside target. We also noted that this level would likely serve up some interim resistance (primarily because of the psychology of such a key level. As it has turned out, one of our hypothesis turned out correct, and the other not so much.....
Cash App, a mobile payment service of Square Inc., generated more than $1.63 billion in bitcoin revenue in Q3 2020, which is an increase of more than 1,000% over the same period last year. The company recently invested 1% of its total assets, or $50 million, into bitcoin. Cash App’s Bitcoin Revenue Soars Square Inc. released its Q3 2020 earnings report on Thursday. The NYSE-listed (NYSE: SQ) company with a market capitalization of $86 billion provides software and hardware payments products and small business services. Its CEO Jack Dorsey also co-founded Twitter. Square’s....
The bitcoin price has been relatively stable over the last few days, but as per our standard trend, the action we have seen over the weekend looks to have injected some volatility into the space. The bitcoin price gained strength over the weekend, and hit overnight lows on Sunday night just shy of $400 flat - a level not seen in a little while. So with this said, and as we head into a fresh week's worth of action in the bitcoin market, what are the levels we are looking at today, and where are we looking to get in and out of the markets according to our intraday strategy? Take a quick look....