Bitcoin
tickers down
$62,711
starts a new week carefully preserving $60,000 support as sentiment walks the line between bullish and bearish.
BTC price action is sticking tightly to a narrow trading range â what could cause a dramatic change of pace?
This week is as good a time as any for crypto market volatility. United States macro data will combine with commentary from Jerome Powell, chair of the Federal Reserve, in what could prove to be an explosive mix for risk assets.
There is much at stake for Bitcoin bulls, even in this established range â the market has already teased a deeper correction, and traders are already marking levels that could come next.
These focus mainly on bid liquidity below $50,000 â an attractive zone for a longer-term market bottom. On shorter timeframes, however, BTC/USD seems more interested in clearing liquidity to the upside as the week begins.
Cointelegraph takes a look at the current state of play when it comes to BTC/USD performance.
