Bitcoin Price Watch; 575 A Realistic Target
Here’s what we are focusing on for this morning’s session in the bitcoin price. We are about to head into a Fresh European session this morning in the bitcoin price, and there’s plenty to talk about. Price has given us a lot of volatility over the last week or so, with a few spikes to the upside serving up fresh (and sustained) highs, which have generally been followed by a short period of consolidation (likely on profit taking from the shorter term speculators). Action overnight seemed to mirror this trend, and it looks as though once again today we are going to have plenty to go at as....
Related News
Here's a look at what we are focusing on in the bitcoin price this evening. In this morning’s bitcoin price watch analysis, our primary intent was to get across the importance of keeping things tight during the European session. Price has struggled to make any sort of sustained moves over the last few days, and while we have seen the odd spike, there has been no real trend momentum. The only way we are able to draw a profit from these sorts of market conditions is through a tight scalp strategy – that is, jumping in and out of the markets on the spikes and taking advantage of the action as....
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....
Earlier this morning we published our twice-daily bitcoin price watch piece, highlighting the levels we will be watching on an intraday basis to help us form a directional bias, and the way we would respond to price reaching these levels as far as position entries are concerned. Now action has matured throughout the day, and movement in the bitcoin price has presented us with a couple of fresh key levels to keep an eye on as we head into the US afternoon session. So, with this said, what are we looking at? Take a quick look at the chart. As the chart shows, shortly after we published this....
Bitcoin stock-to-flow (S2F) creator PlanB believes a $98k target for the cryptocurrency by November end is a realistic goal. S2F Popularizer PlanB Sticks To $98k Target For November Back in June, when Bitcoin was below $34k, analyst PlanB put out a list for his targets of the crypto in the subsequent months. The tweet had these targets for BTC: Aug >47K, Sep >43K, Oct >63K, Nov >98K, and Dec >135K. So far, all these price goals have been decently accurate. But the real challenge will be the current month of November as the target for it is quite bold. PlanB has used the stock-to-flow model....
Earlier this morning we published our twice-daily bitcoin price watch piece highlighting the action we had seen in bitcoin over the weekend, and suggesting a few of the key levels that we would be looking at as we headed into Monday's European session. Now action has matured throughout the day, we have seen quite a lot of volatility, and so a fresh set of key levels have come to the fore. With this said, what are the levels that we are now watching, and how will we be looking to enter into any volatility in the bitcoin price overnight? Take a quick look at the chart. As the chart shows,....