Most 'fears' in 3 months as $26.4,000 becomes key – 5 things to know about Bitcoin this week

Bitcoin sentiment clings to whatever optimism it can get – as does BTC price performance – as a new week of volatility triggers begins.
Market news Join us on social networks
Bitcoin (BTC) emerges from a bumpy macro week to circle some classic trendlines near $26,000 – what could happen next?

After some brutal tests of traders' resolve over the past seven days, BTC price is still determined to stay on familiar ground.

Market participants are in “wait and see” mode as a lack of clear direction characterizes the largest cryptocurrency at the start of a new trading week.

Holidays in the United States mean traditional markets won't open until June 20, leaving at least a day of grace before any surprises.

Much remains to be done since last week, however, including BlackRock filing for a Bitcoin cash exchange-traded fund (ETF). Rumors are now that Fidelity Investments could follow.

What will it take to inspire BTC price to trend? Cointelegraph examines some of the main topics currently being discussed among traders and analysts.
No Relief for Nervous Bitcoin Traders
BTC/USD's latest weekly close has changed little over the past seven days.

At just over $26,000, "sideways" is the name of the game for the pair, which held up against a host of potential volatility triggers over the week.

A trip to fresh three-month lows was short-lived, however, and traders are now cautiously awaiting further clues on direction without defaulting to a bearish view.

“Stay long as we show no sign of reversal,” Crypto Tony said in a summary of his position for the day.

"We're looking for that trendline test at $26,900, and after a reversal of that, we next have $27,300 to note. Step by step, we're moving forward."

Another trader, Koala, argued that the extremes to the upside and downside were centered on a $4,000 wide corridor, with lows likely to be swept before a move back to $27,000.< /p>
"A set of equal highs and equal lows. I think we run the equal lows before...

Crypto Jun 19, 2023 0 41 Add to Reading List

Most 'fears' in 3 months as $26.4,000 becomes key – 5 things to know about Bitcoin this week

Bitcoin sentiment clings to whatever optimism it can get – as does BTC price performance – as a new week of volatility triggers begins.

Biggest 'fear' in 3 months as $26.4,000 becomes key - 5 things to know about Bitcoin this week

Market news Join us on social networks

Bitcoin (BTC) emerges from a bumpy macro week to circle some classic trendlines near $26,000 – what could happen next?

After some brutal tests of traders' resolve over the past seven days, BTC price is still determined to stay on familiar ground.

Market participants are in “wait and see” mode as a lack of clear direction characterizes the largest cryptocurrency at the start of a new trading week.

Holidays in the United States mean traditional markets won't open until June 20, leaving at least a day of grace before any surprises.

Much remains to be done since last week, however, including BlackRock filing for a Bitcoin cash exchange-traded fund (ETF). Rumors are now that Fidelity Investments could follow.

What will it take to inspire BTC price to trend? Cointelegraph examines some of the main topics currently being discussed among traders and analysts.

No Relief for Nervous Bitcoin Traders

BTC/USD's latest weekly close has changed little over the past seven days.

At just over $26,000, "sideways" is the name of the game for the pair, which held up against a host of potential volatility triggers over the week.

A trip to fresh three-month lows was short-lived, however, and traders are now cautiously awaiting further clues on direction without defaulting to a bearish view.

“Stay long as we show no sign of reversal,” Crypto Tony said in a summary of his position for the day.

"We're looking for that trendline test at $26,900, and after a reversal of that, we next have $27,300 to note. Step by step, we're moving forward."

Another trader, Koala, argued that the extremes to the upside and downside were centered on a $4,000 wide corridor, with lows likely to be swept before a move back to $27,000.< /p>

"A set of equal highs and equal lows. I think we run the equal lows before...