Bitcoin is trading right around the important $266 level. Despite several hourly closes above $266, the bulls still haven’t managed to clear the area and push prices higher. But the longer BTC lingers around this mark, the more odds increase for a breakout. Bitcoin’s little brother, Litecoin, is still stuck in its range.
Bitcoin Flirts With $266
As we’ve mentioned several times before, $266 is one of the key numbers to watch for bitcoin. A clear breakout above could see prices rallying toward the $300 round figure. The $303 swing high, reached on January 26th, will be the next important line in the sand. A rally past this level may push BTC/USD to $334 per coin.
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