Bitcoin Price Watch; Here’s What We’re Looking At This Morning

Here’s a look at what we are focusing on in the bitcoin price this morning.
So here we go. We are in the home straight now, and closing in on what has been one of our best weeks in a while in the bitcoin price. Action has been incredibly volatile, and we have seen a number of key support and resistance levels broken on pretty high-volume trading. High volume generally means sustained momentum, and sustained momentum translates to effective breakout trades. We have a couple of sessions left, and we are hoping to finish out the week as strongly as we started it. So, with this in mind, and as we move into this final leg, let’s see if we can’t continue our record. As ever, take a look at the chart below to get an idea of what we’re focusing on. It is a five-minute candlestick chart, and as some will notice immediately, we are widening out our range from our standard width, in an attempt to capture some slightly larger moves.

This post was published at NewsBTC on Nov 03, 2016.