Low Volatility Bitcoin Suggests “Massive Upside Still Ahead”

Here's what we are looking at in the bitcoin price this evening from an intraday perspective. It’s that time of the day again, as the European session draws to a close and the US afternoon kicks off. Volume generally picks up a bit around this time, and with this added volume will often come a bit more volatility. In anticipation of this volatility, let’s take a look at what’s on this evening. First, what did action this morning tell us about what’s set to play out going forward? Well, in this morning’s analysis we noted that price had shot up overnight, and that this gain mirrored the....

$32,000 per Bitcoin seemed unreasonable in October, but the 950% spike in the January call option suggests some traders think it’s a possibility. A month ago, one would be hard pressed to find any investor who would have expected a $32,000 Bitcoin (BTC) price for January. At the time, a 140% upside was needed from the $13,300 price on Oct. 30 and this seemed quite far fetched. Therefore, the January $32,000 BTC call (buy) options traded at Deribit for a meager $67, or 0.005 BTC in late October. BTC $32,000 Jan. 2021 call option, in BTC. Source: DeribitFast forward to now, and the same call....

Here's what we are looking to trade in the bitcoin price on Monday morning. In this morning’s bitcoin price watch piece, we discussed the fact that we are finally able to bring our intrarange strategy in to play, and attempt to draw a profit from action confined within our range. We were working with a circa five dollar range, and coming off the back of a pretty volatile weekend, so the hope was that we’d be able to get in two fold – first, on a bounce from support with a target of resistance to the upside, and second, long on a break of in term resistance towards an upside target of 430....

Privacy protocols have become the focal point of regulators and law enforcement agencies when the race among central banks to launch sovereign digital currencies is heating up.

Here's what we are looking at for this morning's European session, in accordance with yesterday's multi timeframe analysis of the bitcoin price. Yesterday, in the second of our twice daily bitcoin price watch pieces, we zoomed out to a wider timeframe and took a look at the bigger picture – still intraday, just with a little more perspective. It revealed that the bitcoin price was trading within a relatively confined upward sloping channel, and that at the point of publication, we were somewhere mid range. This opened up the potential for a sustained move in either direction, and I turn,....