Bitcoin Price Holds Firm; Now What?

In this morning’s bitcoin price watch piece, we highlighted the levels that we would be looking to take advantage of as action matured throughout Wednesday’s session in the bitcoin market. In it we defined our range, and suggested that – contrary to our recent combination of both an intra-range and breakouts strategy – we would focus purely on the breakout side of things and look to enter long or short on a breaching of either support or resistance to the downside and upside respectively. Action has now matured throughout the day, and we are pretty much trading around the same levels as we were when we outlined our strategy this morning. With this said, this doesn’t mean that we might not see any action during tonight’s Asian session, and further, does not mean that we can’t draw any profit from any volatility going forward. So, with this said, what are the levels that we are keeping an eye on this evening, and where are we looking to get in and out of the markets throughout Asia? Take a look at the chart below.

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