Bitcoin Price Watch; Flat Action, What’s Next?

Here’s a look at what we are focusing on in the bitcoin price this evening.
In this morning’s bitcoin price watch analysis, our primary focus was a tight range, and a strategy that involved using some scalp breakout targets to take advantage of that range. We noted that given recent action (volatile, but only short term, and only on the smaller time frames) we would likely need to maintain this type of scalp strategy for the foreseeable future – at least until things picked up fundamentally. We haven’t really had any major fundamental catalysts as late, and this has translated to some relatively low volume. It’s still very much tradable, so long as we get some intraday catalysts. As things have turned out today, we’ve had very little by way of catalysts, and price has traded between a very tight few-dollar range, sideways for the entire day.

This post was published at NewsBTC on 3:45 pm July 26, 201.