In yesterday evening’s analysis, we focused on the relatively flat action we have seen in the bitcoin price across the last few days, and commented that this might continue as we head into the close of the week. As things have turned out, we’ve seen the opposite happen overnight. Last night, as the Asian session kicked off, the bitcoin price rose sharply in what amounts to an almost mirror image of the action seen over the weekend, and topped out just shy of 750. A correction has brought things down to trade a little bit lower (circa 735 at last count), but we still remain in fresh high territory, and look set for further gains as we head into the final 48 hours of this week. Of course, last time this happened, we got a pretty severe correction towards the end of teh day. Whether this will happen again today remains to be seen, but what happens, we are going to set up against both sides of the market in an attempt to draw profit from any more volatility.
So, with this said, and as we head into today’s session, here is a look at what we are focusing on in the bitcoin price, and a