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Sunday Lunchtime Bitcoin/Altcoin Silk Road on 2.8
On the 1-hour chart, the weekend market is not very active, and as expected, the price has been consolidating around 70,000. From a technical perspective, the Bollinger Bands are narrowing, and the middle band provides support compared to the price. The altcoin is also trading above the EMA weekly line, indicating potential upward movement.
Personal suggestions:
Bitcoin can move north around 68,500-67,500, with a target of 71,200-72,000.
Altcoin can move north around 2,050-2,000, with a target of 2,150-2,200.