Bitcoin Price Analysis: BTC Calms Down, Does The Weekend Predict Another Volatile Move Ahead?

The Bitcoin volatility continues. Over the past week, since Bitcoin had lost the significant $11,200 support level along with the upper ascending trend-line (shown on the daily chart), Bitcoin became a volatility machine.

The coin went down to $9,800 (the 50-days moving average line), corrected back up to $11,000, down again to $9000 (the current low since the parabolic bull-run initiated, a new lower low passed down the prior low at $9,600), just to touch $10,000 a few hours after. From there, a stunning 1-day move down to $9,200 and from there, the unbelievable 30-minutes long green candle that reached at last almost the $10,800 resistance level.

Following that, Bitcoin went down to re-test the $10,000 area, but as of writing these words, the coin is trading steadily around the $10,600 resistance mark.

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