BTC traders brace for $30K loss — 5 things to know in Bitcoin this week
BTC price performance is getting market participants worried in the short term, but the signs of wider Bitcoin accumulation are there. Bitcoin (BTC) starts a new week above $30,000 but heading nowhere as the multi-month trading range refuses to shift. BTC price action is giving traders little more than a frustrating sense of deja vu — and they are now wondering what it could take to change the trend. It may in fact be more accurate to say that on low timeframes, a trend is exactly what Bitcoin lacks. The largest cryptocurrency has spent weeks bounding between upside and downside liquidity pockets without deciding whether bulls or bears will ultimately win. This struggle continues to play out with predictable regularity, and nothing — not macroeconomic data prints, institutional involvement or else — has been able to switch things up. With that in mind, it may not be all that problematic that the coming week offers little in terms of data-driven risk asset catalysts from the United S...