Bitcoin Price Watch; Action Around the Corner?

With action being relatively muted over last few days, it’s been tough to day trade in the markets. The bitcoin price has traded gently to the downside, having declined steeply over the weekend, but not in a fashion that has enabled us to get in and out according to either of our core strategies – intraday breakout or intra-range. For this reason, the levels that we have been keeping an eye on have remained relatively stable during the past three days. However, with this said, and as we head into a fresh European session, what are the levels we are keeping an eye on today, and do we expect any volatility? Take a quick look at the chart to start with.

bitcoin price

Mid Post Ads

First, it’s important to say that we don’t “expect” volatility, but this does not mean that we cant line up in order to take advantage of any if we get it. The levels to keep an eye on today are in term support at 254.61 and resistance at 259.12. These will be our parameters as we head into today’s

Read more ... source: TheBitcoinNews