Bitcoin Took a Break From Being Volatile and Broke $800 Today
The price of bitcoin enjoyed a break from its recent volatility today, spending most of the day trading within reasonably tight ranges. Overall, the digital currency's price started by fluctuating mostly between $745 and $775, CoinDesk Bitcoin Price Index (BPI) figures reveal, before tracking higher. Later, the price would edge upward, passing $800 at 16:30 UTC, and proceeding to trade between $800 and $820 until roughly 21:00 UTC. At the time of report, bitcoin was trading at $804.30. Though this may seem like a bumpy day, the developments follow nearly a week of sessions in which prices....
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Earlier this morning, shortly before the markets open in the UK, we published our twice-daily bitcoin price watch analysis piece. In the piece, we highlighted the levels that we would be looking at during the day as price action matured, and looked at where we would get in and out of the market in the event that the bitcoin price reached or broke through these levels according to our intraday breakout strategy. Now as we head into the US afternoon, and beyond into the Asian overnight session, are we still looking at the same levels, did we manage to get into the market today on a break....
Late yesterday evening we published our twice daily bitcoin price watch piece. In the article, we highlightedthe levels that we would be keeping an eye on during the Asian session on Monday night, and suggested where we would look to get in and out of the markets according to our intraday strategy. Now action has matured overenight, and as we head into a fresh European session on Tuesday, what are we looking at from a key level perspective, and where are we aiming to get in and out of the markets today to take advantage of any volatility in the bitcoin price? Take a quick look at the....
Action overnight on Tuesday has sparked something of a recovery in the bitcoin price, despite us breaking the 200 support level earlier in the week. With a nice break to the upside yesterday afternoon, we have managed to hold above 220 victory much the entire night - which bodes well for the fresh European session today. With this said, things are still pretty uncertain out there, and equities markets remain volatile on the back of what's happening in China. As a result, we must also bear in mind that a downside play could be on the cards. So, with this said, what are the levels we are....
Once again, it's been a wild ride in the bitcoin market on Thursday. Action has been particularly volatile over the last week or so, and while we generally expect to see some volatility throughout the Asian session based on Chinese volume, Europe has gone against the grain and given us plenty to trade as late. With this said, and as we head into this evening's trading, and the end of today's European session, what are we watching in the bitcoin price, and where will we be looking to get in and out of the markets according to our intraday strategy - be it intrarange or breakout? Take a....
A little earlier on this morning we published our twice-daily bitcoin price watch piece. In the piece we highlighted the levels that we were watching in the bitcoin price during today's session, and suggested how we might respond to price reaching these levels during European market open. Now action has matured throughout the day and we are looking at a fresh set of levels carved out by some volatility from today's markets. With this said what are the levels that we are keeping on now, and how can we get in and draw profit from the market on action during the Asian market session? Take a....