Bitcoin Price Watch; 700 Broken!

Here’s a look at what we are focusing on in the bitcoin price this morning.
Before the weekend kicked off, we highlighted the potential for the breaking of the 700 level to the upside in the bitcoin price as being likely if action continued to move in the way it had done so throughout the week last week. Well, as it turns out, we did see a breaking of this level, and price has managed to remain about 700 – something that, given the break, was not looking particularly likely. This makes things interesting for the week ahead. We have seen a major level broken, and hold, and this suggests that – medium term at least – we are going to see some level of support around 700 (hinting at more upside).

This post was published at NewsBTC on Oct 31, 2016.

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