Michaël Van-De-Poppe markets Federal Reserve Bitcoin Bitcoin Price Michaël Van-De-Poppe

BTC price 'in the chop zone' — 5 things to know in Bitcoin this week

Reading now: 889

Bitcoin (BTC) starts a new week with consolidation in the air amid some of the least volatile conditions ever.Despite losing 5% in an hour last week, Bitcoin’s subsequent lack of volatility is on every trader’s mind.The question is whether that will change in the coming days.

There are plenty of potential catalysts, from macroeconomic data to exchange setups and more, but which will win out — and in which direction it will send BTC price — remains to be seen.Behind the scenes, it remains business as usual for Bitcoin network fundamentals, with miners preserving their newfound buoyancy and ready for new all-time highs in difficulty.Cointelegraph takes a look at these major market-moving factors and summarizes opinions as to how they might shape BTC price action this week.

While anything can and does happen in Bitcoin, the weekend was marked by one word only when it comes to BTC price action — boring.

After flash volatility on March 3 due to a combination of Silvergate bank concerns and exchange margin calls, BTC/USD has remained eerily quiet.Data from Cointelegraph Markets Pro and TradingView proves the point, with spot price moving within a barely perceptible range ever since.

Read more on cointelegraph.com
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News