THELOGICALINDIAN - Last anniversary we got appealing black activity in the bitcoin amount as affect beyond markets put downside burden on the BTCUSD and we saw prettymuch an absolute anniversary of collapsed or downside activity On Friday anon afore the markets bankrupt we appropriate that depending on the acknowledgment of the Greek bodies to proposed acerbity measures in Europe we could see some turnaround in affect and a about-face appear all-around accident off assets in accepted markets This was the aboriginal absolute befalling we got to see whether markets appearance bitcoin as a accident off asset and to some admeasurement at atomic it looks as if they do So with this said what are we watching todays bitcoin amount and how can we draw accumulation from this about-face in affect and the after activity Take a attending at the chart
As you see, from lows about 258 collapsed apparent over the weekend, activity bankrupt out to the upside during Saturday black and again added as a aftereffect of the Greek election hit the media, to ability intraday highs at 274.77. This akin now serves as in appellation resistance, while in appellation abutment sits at 267.03. These are the two levels that will be befitting an eye on today.
First, we will attending for an upside breach (above 274.77) to validate a medium-term upside ambition of 280 flat. A stop accident on this barter about about 272 collapsed will advance a absolute accident accolade profile.
Looking the added way, if we get a breach aback bottomward and some concise antidotal momentum, we will initially attending for a abbreviate barter from in appellation attrition appear in appellation abutment at 267.03, with a stop accident aloof aloft attrition befitting the barter adorable from a accident administration perspective. A breach beneath 267.03 would validate 258.78 to the downside longer-term.
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