Bitcoin Price Continues to Break; Landslide!

In this morning’s bitcoin price watch piece, we suggested that – if we could get a break above 285 (level we have watched as in term resistance from at least the last week) it would suggest that there could be some further bullish momentum in the bitcoin price as we headed into Friday and – beyond – the weekend. However, we also suggested that the overarching momentum was with the bears, and that during today’s session if we broke to support, we would almost definitely see a continuation of the overarching bearish trend and get some fresh downside targets. As it turns out, the latter of these two incidences has occurred, and we end the day quite a lot lower than the levels at which we began it. So, with this said, what are the levels that we are watching as we head into Thursday evening’s Asian session, and where will we look to get in and out of the markets according to our breakout strategy? Take a quick look at the chart.

bitcoin price

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