It was noted here yesterday that Bitcoin was likely to trade inside a range encompassed by 11,300 to 11,700 and that is exactly how it played out. However, later in the day quick news suggested that a break below 11,300 might unfold if the US equity market losses continued to increase. Well, clearly there were not stops in place below that level because if there had been then it probably would not have remained above there. In the event it did and despite a couple of attempts to break below 11,300 the price held on and a subsequent rebound followed. However, it was also noted that it would take something special to get it back above 11,555 and that did not show up either because the price stalled at 11,445 ahead of the Asian handover today. The range so far today has been set at 11,365 to 11,445 so it is tight by any standards thus far. Once again 11,300 and 11,700 are back in play today in terms defining the wider range with more immediate price points at 11,555 and 11,350 to possibly deliver an alarm bell for a test of that defined range. Bitcoin is just now trading at 11,415