Bitcoin Price Watch; 400 Broken!
Here's what we are looking at for today's bitcoin trading session out of Europe. So it’s taken a little longer than we’d hoped or expected, but we have finally broken through long term resistance and psychologically significant 400 flat in the bitcoin price. A run through the level as the Asian markets opened for a fresh week (Sunday evening GMT) brought fresh highs just shy of 410 flat, before correcting a touch to bring is to trade at current levels – circa 403. As we noted at the end of last week, action had been pretty rough on all of our approaches throughout the week. We tried....
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Yesterday afternoon we saw the bitcoin price breakout of its intraday range (the parameters of which we highlighted in the mornings bitcoin price watch piece), and we published our analysis shortly before the markets closed in Europe offering up the levels we were keeping an eye on in the bitcoin price overnight and what the breaking of these levels would mean as far as our intraday positions were concerned. Now action has matured, we have a few new levels to watch. What are these levels, and how might we enter a position in the BTCUSD today? Take a quick look at the chart. As you can see,....
Here's a look at what we are focusing on in the bitcoin price this morning. Before the weekend kicked off, we highlighted the potential for the breaking of the 700 level to the upside in the bitcoin price as being likely if action continued to move in the way it had done so throughout the week last week. Well, as it turns out, we did see a breaking of this level, and price has managed to remain about 700 – something that, given the break, was not looking particularly likely. This makes things interesting for the week ahead. We have seen a major level broken, and hold, and this suggests....
Here's a look at what we are focusing on in the bitcoin price this morning. It’s Thursday morning, and we are about to head into a fresh session out of Europe. In last night’s bitcoin price analysis, we noted that price had broken to the upside and that – as a result – things looked good for some further upside momentum. We tentatively slated 800 as a level to watch on the horizon, with that being the next major psychological target, but we also pinned a couple of nearer term levels as being ones to watch, with the goal of taking out a few profit targets on the way up to the big eight oh....
Bitcoin is hovering above its key $19,000 support level following continued rejections at $19,400 The resistance at this level has been holding strong for the past few weeks, with buyers trying and failing on multiple occasions to post a sustained break above it Once broken, the next key resistance region to watch sits between $19,800 and $20,000. A firm break above here could mean that the next leg of BTC’s parabolic rise is imminent One […]