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Title: [2016-06-13]Bitcoin Price Watch; 700 Close, But Be Careful Post by: Blawpaw on June 13, 2016, 09:31:56 PM Bitcoin Price Watch; 700 Close, But Be Careful
Over the last few months, we have repeatedly noted the big moves in the bitcoin price, during the weekend. Primarily, this is a result of volume out of Asia, but also it seems to be a time at which markets unwind in a particular direction, and this unwinding translates to sustained volatility. This weekend is no different, however, the magnitude of the move altered slightly. Specifically, price broke through the 600 level – a level that we had slated as psychologically significant early last week – and continues to gain strength to reach just shy of 700... read more (http://www.newsbtc.com/2016/06/13/bitcoin-price-watch-700-close-careful/) |