Bitcoin targets record 8th weekly red candle while BTC price limits weekend losses
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The weekly chart looks decidedly grim for BTC/USD despite a lack of volatility over the weekend.
Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it held a narrow range after the Wall Street trading week.
With volatility absent, traders hoped for a move to larger areas of support or resistance next.
“Still wedged between the supply and demand zone .. Hoping for a break today so we have some juicy action to play with,” popular trader Crypto Tony summarized, noting upside and downside targets were around $27,900 and $31,000, respectively.
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