What could budge a flatlining BTC price this week?
Bulls nonetheless failed to recover much of the lost ground, leading Bitcoin to finish the week down around 5.1% on Bitstamp.For Cointelegraph contributor Michaël van de Poppe, founder and CEO of trading firm Eight, there is still reason to believe that the market will soon draw a line under the current short-term trend.Twitter followers on March 6.
“Indices bounced already and seem to continue to do so. Might have another sweep of the lows and then reverse up, losing $21.5K=trouble time.”eyed a potential bounce target for $23,000 should the bulls reclaim some strength.. “I remain short as of few days ago with my stop loss at $23,200 to remain transparent. I would like to see a move up to $22,800 before any downside.”Fellow trading account Daan Crypto Trades noted that BTC/USD had already closed the modest CME futures gap from the weekend.$BTC
Quickly closed the gap for the most part. There is a tiny gap open of about $20 but we see that quite often. Would not value it too much personally. Anyways, still in chop/range mode so no clear direction until a clean break of 22000 or 22650 in my opinion.
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