We’ve had another pretty strong night in the bitcoin price evening, as the classical head and shoulders pattern translated to some strong downside momentum during the Wednesday night Asian session was negated. Overnight lows of around 226.32 mark a reversal point this morning, and we corrected to highs of 230.50 subsequently, but whether we can recover the lost strength during today’s European session remains to be seen. So, with this said, what are the levels that we are watching in today’s bitcoin price, and where will we look to get in and out of the market according to either our intraday breakout strategy or our intra-range strategy? Take a quick look at the chart below.
The chart highlights the action we