Bitcoin Price: Cracking $7.4K Opens Path to $8.1K Resistance — Analyst
William Suberg's original article for cointelegraph.com reduced by 47%
Bitcoin volatility lessens but $7.5K evades tradersData from Coin360 showed the largest cryptocurrency trading in a narrower $300 corridor as the week began, with 24-hour performance bottoming out at around $7,180. The reduction in volatility soothed analysts, who were able to predict potential short-term moves for Bitcoin with a greater degree of certainty on Monday. Previously, van de Poppe had highlighted the fact that overall, the danger for traders were not over; markets could still continue selling pressure to send Bitcoin lower.
On the day, many were also waiting for BTC/USD to continue traditional behavior and fill a "Gap" in Bitcoin futures trading prices. A futures gap refers to the difference between when one Bitcoin futures trading session ends and another begins. The historically accurate trend thus calls for Bitcoin to hit an area around between $7,465 and $7,800.
Altcoins fall in line as Bitcoin calmsAltcoin markets meanwhile broadly reflected Bitcoin's flatter performance at the start of the week.
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CN [too long; didn’t read]
Summarised crypto news.