Bitcoin is trading little changed as we near the weekend session. We are currently quoted at $465.50, only 20 cents above the price recording during our last update. It was a slow but volatile Friday for BTC as we oscillated between a low of $456.00 and a high of $468.97 in the span of one hour during futures settlement. We warned in our last article that higher volatility is usually the norm around OKCoin futures settlement.
This volatility was exacerbated in the futures market, where we got swings of $31 dollars in the closest to expiry December 25th issue and $44 dollars for the longer-dated March 2016 contract. Bitcoin futures markets tend to swing more widely and unpredictably compared to spot prices. This is one of the main reasons why we use spot exchanges for our support/resistance levels. Speaking about levels, here are some of the important figures we’re watching.
http://www.forexnews.com/blog/2015/12/18/350082/
