27 Feb '15, 12pm

Bitcoin Price Jumps Out of Its Comfort Level - Inside Bitcoins

NEW YORK (InsideBitcoins) — After six weeks of cruising +/- in the mid $230 range, the price of bitcoin took a 6% leap early this morning to $250. However, the digital currency is well within its recent tolerance: the one-month trend has seen $250 twice and still ended up with a -3% loss for the period. But bitcoin has regained some of what it had previously given up year-to-date, now posting a -21% loss for 2015 so far. Bitcoin has yet to close above a mid-$250 resistance level that chartists believe will signal a bullish trend. The cryptocurrency spent only three days of the new year above $300, sagging from a close of $315 on January 2nd to remain sub $300 ever since. Bitcoin/US Dollar (XBT) via CNN Money. Just after 10:30 p.m. ET, 3-hour volume jumped over 42,000 BTC, the highest level of trading since January 28th, according to the Winkdex composite. Even with the bum...

Full article: http://insidebitcoins.com/news/bitcoin-price-jumps-out-of...

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