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BTC traders brace for $30K loss — 5 things to know in Bitcoin this week

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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...

SEC, CPI and a 'strong rebound': 5 things to know in Bitcoin this week

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Bitcoin faces a week full of potential price triggers — both up and down — as BTC price action drops below a major trend line. Bitcoin (BTC) starts a “massive” week in a precarious position as key support stays out of reach for bulls. After fresh losses across crypto markets over the weekend, BTC/USD closed the week below $26,000 for the first time in three months. Both Bitcoin and altcoins continue to struggle thanks to legal battles raging in the United States and their impact on sentiment. Fragile markets will now encounter a slew of volatility triggers, however, as U.S. macro data releases accompany the next steps in the crypto legal debacle. In what promises to be five days full of surprises, traders will likely experience none of the lackluster sideways price action which was characteristic of crypto markets before the U.S. upheaval. How will the coming week shape up? Cointelegraph takes a look at the major things to consider when it comes to Bitcoin and wider crypto market pri...