Bitcoin Price Watch; 700 In Focus To The Upside

It is Friday morning, and the end of the week from our bitcoin price trading perspective. With this comes the opportunity to take a penultimate look at the markets, in an attempt to figure out what levels might be important today. In yesterday evening’s analysis, we set up a pretty tight range, and action overnight did not disappoint. We managed to get in a long entry on a break above resistance late in the evening, and the trade quickly ran to take out our target for a small gain. With any luck, we can get a rerun today. So, with this said, and as we head into today’s session, here is a look at the levels we are focusing on. First of all, take a quick look at the chart below to get an idea of where things sit. It is a 15 minute the candlestick chart with around 24 hours worth of action displayed.

Screen Shot 2016-07-01 at 12.01.04

Screen Shot 2016-07-01 at 12.01.04

As the chart shows, our range in focus for today is defined by 666 to the downside for support and

Read more ... source: NewsBTC USA