NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans

Bitcoin Price Watch; Intraday Breakout in Focus

Samuel Rae
Samuel Rae
1 year ago
2 mins read
Bitcoin Price Ranges After Breakout. Newsbtc Bitcoin News.

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

As 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 of the aforementioned consolidation. The question now, is what does all this mean for today?

Well, we’ve had a large move, followed by 24 hours of so of range bound, sideways trading. Chances are, therefore, we will see a break of this range today, as the consolidation wears thin and one side of the market gains traction over the other. It’s tough to say exactly which side (buy or sell) this will be, but our breakout strategy should help us to pick up a position on the right side, if and when we get some volatility.

So, as ever, get a quick look at the chart to see what we are focusing on for this morning’s European session.

Screen Shot 2016-03-29 at 10.06.51

As the chart shows, we’ve got today’s range as defined by in term support at 420.50, and in term resistance at 424.5. There’s the possibility of an intrarange scalp entry here – long at support and short at resistance – assuming a tight stop is used just the other side of the level in question.

From a breakout perspective, long on a close above resistance with a target of 430 and a stop at 422.5. Short on a close below support, targeting 415 flat and using a stop at 422 flat to define our upside risk on the position.

Happy trading!

Charts courtesy of Trading View

Tweet123Share196ShareSend
Samuel Rae
Samuel Rae

Samuel Rae

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

criptomonede cu potential

În ce criptomonede cu potențial investim pe final de septembrie?

De fiecare dată când Bitcoin și Ethereum sunt relativ aproape de ATH-uri, cum este în acest moment, majoritatea investitorilor vorbesc...

antonio 2 hours ago
Solana (SOL) Takes Hit

Solana (SOL) Takes Hit – Is This Start of Bearish Move Toward $200?

Solana started a fresh decline from the $250 zone. SOL price is now showing bearish signs and might even decline...

Aayush Jindal 3 hours ago
XRP Price Struggles to Hold

XRP Price Struggles to Hold – Fresh Decline Risk Grows for the Token

XRP price started a fresh decline below the $2.90 zone. The price is now showing bearish signs and might decline...

Aayush Jindal 4 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin news

Bitcoin Will Soak Up Trillions From China And Russia, Billionaire Predicts

Jake Simmons 30 minutes ago
중국 첫 공식 스테이블코인 출범…베스트월렛 프리세일 투자 금액 급등

중국 첫 공식 스테이블코인 출범…베스트월렛 프리세일 투자 금액 급등

Soyeon Lee 35 minutes ago
Bitcoin crash

These Analysts Predicted The Bitcoin Price Crash And Their Forecasts Say It’s Not Over

Scott Matherson 2 hours ago

Premium Sponsors

Press Releases

  • Az altcoin szezon itt van. Ez a három tényező hajthatja a bikapiacot

    Az altcoin szezon itt van. Ez a három tényező hajthatja...

    11 hours ago
  • Sezon na altcoiny już tu jest. Te trzy czynniki mogą napędzać hossę

    Sezon na altcoiny już tu jest. Te trzy czynniki mogą...

    13 hours ago
  • Sezonul altcoin este aici. Acești trei factori sunt văzuți ca motoare ale raliului

    Sezonul altcoin este aici. Acești trei factori sunt...

    16 hours ago
  • ドージコイン 今後の価格予測:ウォールストリートが注目する「1ドル圏」への道

    ドージコイン...

    18 hours ago
  • Сезонът на алткойните е тук. Три фактора се очаква да задвижат ралито

    Сезонът на алткойните е тук. Три...

    18 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.