Bitcoin Price Bounces; Upside on the way?

Finally, during the overnight Asian session, we saw some temporary reprieve in the steep decline we have seen in the bitcoin price over the last few days. Yesterday’s momentum brought us to trade just shy of 230 level, and overnight, we broke through this level on the intraday charts and topped out around 234.59 – pretty close one currently trade. Now we are finally seeing some action, it may be the time to set up against further volatility during today’s European session. Over the last week or so Europe has been pretty full of consolidation, but if we can break out of this trend, there may be some movement today we can take advantage of and draw profit with from the market. So, with this said, what are the levels that were keeping an eye on, and where will we look to get in and out of the markets according to our strategy? Take a quick look at the chart.

bitcoin price

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As you see, and as we already mentioned, highs for the day sit at 234.59 – this level now serves as in

Read more ... source: TheBitcoinNews