Bitcoin Price Watch; Finally Some Support?

Nothing seems to be offering up much support in the bitcoin price at the moment, and each time we come to set up against the market with a fresh morning analysis, we end up looking at early morning lows. Whether this will continue as we head into the weekend remains to be seen, but it’s a distinct possibility. There was some speculation that a British exit from the UK would trigger risk off sentiment in wider asset markets, and in turn, this would drive a shift towards safe havens. Further, that bitcoin is one such haven, and that we would likely see a price gain on the back of the fundamental action. As things have turned out, the opposite is looking true right now, but this might all change once news starts o trickle in out of the UK this evening.

Regardless, if we set up against both sides of the market we should be ok to draw a profit on movement either way. So, with this in mind, let’s take a look at some of the levels in focus for this morning’s session.

Take a quick look at the chart below to get an idea of our primary target zones.

Read more ... source: TheBitcoinNews

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