In yesterday evenings bitcoin price watch piece we looked at the action we had seen during the European session and suggested that if we could get abreakout to the upside it may be the potential driver behind a medium to longterm revaluation in the bitcoin market Bitcoin has declined quite considerably over thelast few months and having bottomed out around 200 last month looked to be duesome upside momentum The fundamentals remain strong and as bitcoin infrastructure is built its price while volatile should not depreciate to considerably Overnight last night we saw a vindication of this bias with the breakout we were looking for We now trade just ahead of 245 flat and have a couple of fresh parameters that we are keeping an eye on during todays session So without further ado lets take a look at what these levels are and see where we can try and get in and out of the market according to our intraday strategies during todays European session First things first take a quick look at the chart

Reports are emerging online of banks in Bulgaria cracking down on cryptocurrency exchanges and users

yEarnFinance looks poised to pull back despite the ongoing bullish price action in the cryptocurrency market

In yesterday evenings bitcoin price watch piece we looked at the action we had seen during the European session and suggested that if we could get abreakout to the upside it may be the potential driver behind a medium to longterm revaluation in the bitcoin market Bitcoin has declined quite considerably over thelast few months and having bottomed out around 200 last month looked to be duesome upside momentum The fundamentals remain strong and as bitcoin infrastructure is built its price while volatile should not depreciate to considerably Overnight last night we saw a vindication of this bias with the breakout we were looking for We now trade just ahead of 245 flat and have a couple of fresh parameters that we are keeping an eye on during todays session So without further ado lets take a look at what these levels are and see where we can try and get in and out of the market according to our intraday strategies during todays European session First things first take a quick look at the chart