Bitcoin [BTC] price seems to have found the mid-range for traders as bulls and bears play tug of war. BTC is currently ranging between $7700 and $7400. While $7500 forms a strong level of psychological support as well, the market set-up suggests volatility. Bitcoin’s [BTC] price broke above another bullish set-up achieving 50% of the target.
Bitcoin [BTC] has been trading in a tight range since the drop below $9k last week. It has formed a parallel trading range between $8250 and $7930. Analysts like Tone Vays and Sawcruhteez grew increasingly apprehensive of a break-down or a bounce to the top of the channel. The support around $8000 is also turning
Market sentiments primarily govern price movements in any market. In the case of financial equities, the traders have complete knowledge through a financial report. However, the lack of metrics and data points in cryptocurrencies has made it depend solely on social media sentiments. Joshua Frank, CEO of The Tie, recently commented on these issues based