Bitcoin Price Watch; Intraday Breakout in FocusAs noted in yesterday’s analysis, we got a big move over the weekend – one that served to offer up fresh highs in the bitcoin price on Sunday. More often than not, successive to a large move like this, action in the bitcoin price will lay relatively flat for 24 hours, as markets regroup and consolidate, with buyers and sellers rehashing their pre-move bias. We did get a bit of movement throughout the Monday European session, and also throughout last night’s Asian session, but nothing compared to what we saw over the weekend, and when considered in the grand scheme of things, this movement looks to be tight and – in turn – representative...
read more
