{"id":21383,"date":"2015-07-07T09:30:31","date_gmt":"2015-07-07T09:30:31","guid":{"rendered":"https:\/\/wncen.com\/?p=21383"},"modified":"2020-10-07T11:33:23","modified_gmt":"2020-10-07T11:33:23","slug":"bitcoin-price-falters-just-a-correction","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-falters-just-a-correction\/","title":{"rendered":"Bitcoin Price Falters; Just a Correction?"},"content":{"rendered":"
We have seen quite a lot of bullish action in the bitcoin price throughout the end of the weekend and during Monday’s session, and \u2013 in our twice-daily bitcoin price watch piece that we published yesterday evening \u2013 we suggested that if a fundamentally driven market sentiment (based on what is happening in Greece) can continue to keep hold of asset prices, there could be further bullish momentum to come. As it happens, having reached highs yesterday just shy of 280 flat, with seen something of a medium-term correction in the bitcoin price, and lost about $10 throughout the Asian session. The question now is, is this just a short-term self as a response to the bullish action and a certain level of profit-taking (similar to what we might see in the Forex markets), or has the uptrend into an end and we set for further downside momentum during today’s session? Reality, we don’t really know, but we can line up our key levels against both sides of the bitcoin price, and use our intraday breakout strategy to draw profit regardless of direction.<\/p>\n
So, with this said, take a quick look at the chart below.<\/p>\n