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Bitcoin Price Watch; Movin’ On Up!


The weekend is pretty much upon us, and with it, we are drawing to a close yet another week’s worth of action in the bitcoin price. Things have been a little mish-mash this week. Our trading throughout the early week was relatively subdued, primarily as a result of the lack of any real sustained momentum in the markets coming out of the holiday weekend in the US. Having said this, we’ve had a few nice entry opportunities, and a couple of solid positions. Yesterday’s action brought with it some upside action, and we were able to get in long (pretty much straight after we published the first of our two bitcoin price watch analyses), and in turn, get out for a nice profit take. Price shot up throughout the late session last night, and the question now, is whether or not this upside momentum is likely to continue as we head into the last day of the week and, beyond, in to the weekend.

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