Here we are, that time of the week again. The close of the Friday session out of Europe, and as such, time for the final of our twice daily bitcoin price watch analyses for the week. All said, it’s been a pretty wild week. We’ve had a nice combination of sideways, intrarange action (from which we drew a couple of nice profits earlier on in the week by way of our intrarange strategy) and sustained volatility, again from which we managed to get some decent breakout entries. We noted this morning that the overnight action on Thursday was more representative of the latter – the sustained volatility – and action since publication has served to reinforce this point. Specifically, price has continued to gain strength throughout the day, and are seeing some of the highest levels we’ve seen in a while in the bitcoin price.
So, with this said, what are we looking at as we head into the Asian session tonight, and what happens if we break 500 flat as we head into the weekend? Let’s take a look.
As ever, the chart below shows the key levels we are focusing on near term. It’s a fifteen-minute candlestick chart showing recent