Bitcoin Price Breaks the Range Higher

The past couple weeks we have watched the price of bitcoin bounce in between 10,500 and 9,500 waiting to see which way it would break. As of this moment it looks as if the break is to the upside.

Price is Leveling Up

Looking at the chart you can see today's candle trading around 10,700 and with just a couple hours before it closes things are looking good for a finish above the range.

There is plenty of prior price action nearby though and the 11,000 to 11,200 level could provide upside resistance should we see price continue to each higher.

The more important piece is for price to close and remain above 10,500 the rest of the week. That would be a clear win for the bulls.

Posted Using LeoFinance