Bitcoin Price Range Holds Firm; Breakout Imminent!

Yesterday evening, shortly before the markets closed in the UK, we published our twice-daily bitcoin price watch piece, focusing on a number of the key levels we would be watching as we headed into the US afternoon and beyond. We highlighted how we might respond to price reaching these levels, and suggested some possible entries as inferred by price action. Action has now matured overnight, and we are looking at a fresh set of levels to gain insight into any future movement on an intraday basis, and to help us identify any potential trade opportunities in the bitcoin price on Wednesday. With this said, what of levels we are watching, and how can we look to enter on today’s action? Take a quick look at the chart.

This post was published at NewsBTC on May 6, 2015.