Bitcoin Price Watch; Embracing The Change
Here's a look at what we are focusing on in the bitcoin price this morning. There are a couple of things I’m not a fan of, and both of them are change. When I sat down at my desk this morning, however, I noticed three things. One, that my cookies had mysteriously evaporated from my Chrome browser, and that everything looked and felt slightly alien as a result. Two, that one of these alien experiences was the color of my bitcoin price trading platform. Three, that I kind of like the change, and I think I’m going to give it a shot at becoming my new normal. Probably not the sort of thing our....
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The Bitcoin community and user base continues to expand and businesses old and new are embracing this new digital, decentralized cryptocurrency to simplify the payment process and meet consumer needs. The quantity and variety of businesses accepting payment in Bitcoin continues to expand. From real estate sites to now watch factories, Bitcoin has been embraced to simplify payment and incentivize merchants to sell products and in turn deal with fewer transaction fees. Just this week, Russia's historical watch factory Raketa, began accepting Bitcoins. Raketa was founded in 1721 by Peter the....
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So for today's Asian session bitcoin price watch, we are going to tighten things up a little. A look at the daily chart in the bitcoin price reveals a few straight weeks of overarching bullish momentum, and while we would love this momentum to continue from a long term capital gains on our holdings perspective, its made us a little wary. We are approaching $300 flat, having broken to the downside through $200 last month, and if there was ever a time for a medium term correction, now is it. This doesn't mean the overarching trend is likely to change - simply that we will probably get some....
As we have seen so many times over the past few weeks, and as we mentioned in yesterday's bitcoin price watch piece, the breakout action we have seen as late has often come during the Asian session (overnight Europe). We closed out yesterday's session with a couple of key parameters that we were looking to watch overnight, and low and behold, the bitcoin price broke through the upside of these parameters shortly after 5 AM GMT, and having done so, proceeded to carve out fresh weekly highs. With this said, what are the levels that we are keeping an eye on in the bitcoin price today, have....