Bitcoin Price Soars Again; No End To The Upside Momentum?

There sees to be no limit to the upside potential we are seeing in the bitcoin price at the moment. Fundamentally, there have been no real developments (nothing that differs from the usual bitcoin news updates, at least) and so the momentum we are seeing looks t be purely sentiment driven. People are finally coming around to the idea that bitcoin can serve as a risk off asset and, as a result, the bitcoin price is picking up pace. The action we have seen as late has made for an interesting few weeks for our intraday strategy, with the primary focus having been to the upside through incorporation of our breakout approach. This remains so today, and with this said, what are the levels we are looking at during today’s European session, and where are we looking to get in and out of the markets on any volatility? Take a quick look at the chart to get an idea of what we are watching.

This post was published at NewsBTC on October 30, 2015.