Bitcoin Price Watch – Upside Break!

Shortly before the markets closed in Europe yesterday we published our twice-daily bitcoin price technical analysis piece focusing on the levels that we would be watching throughout the day on Monday. In the piece, we suggested that two key levels were serving as in term support and resistance, and a breaking of these levels would validate an entry in the direction of the break and – in turn – offer up an intraday medium-term bias. Now action has matured overnight, and we have seen a break, what are the levels were keeping an eye on in the bitcoin price on Tuesday, and how might we play today’s action?
Take a quick look at the Bitcoin Price chart

This post was published at NewsBTC on Apr 28, 2015.