Bitcoin Price Watch; 800 A Strong Upside Target Candidate Now

Here’s a look at what we are focusing on in the bitcoin price this morning.
It’s Thursday morning, and we are about to head into a fresh session out of Europe. In last night’s bitcoin price analysis, we noted that price had broken to the upside and that – as a result – things looked good for some further upside momentum.
We tentatively slated 800 as a level to watch on the horizon, with that being the next major psychological target, but we also pinned a couple of nearer term levels as being ones to watch, with the goal of taking out a few profit targets on the way up to the big eight oh oh.
Overnight action pushed up to highs around 786, bringing us within touching distance of 800, and taking out our profit targets as it went, which is exactly what we were looking for. Now we are about to enter a fresh session, we’ve got some pretty solid key levels outlined, and we are confident hat we can break through to the 800 mark at some point today, or tomorrow.

This post was published at NewsBTC on November 17, 2016.