Bitcoin Price Watch; A Strange Night’s Action

Here’s a look at what we are focusing on in the bitcoin price this morning.
It’s been a bit of a strange night of action in the bitcoin price overnight during the Asian session, and we are heading into the European open on the back of what turned out to be some pretty unpredictable action. Price traded up sharply around the turn of the night, before correcting to trade sideways for a little while, and then, after some consolidation, dropped again to carve out fresh intraday lows. From these lows, we saw a bounce, and the bounce has given us a nice range with which to play with during today’s European day session, and within which the bitcoin price currently trades.

This post was published at NewsBTC on July 22, 2016.