RATE Group | Bitcoin Readies For Next Big Move After Slow Weekend
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Bitcoin Readies For Next Big Move After Slow Weekend

14 Oct Bitcoin Readies For Next Big Move After Slow Weekend

Posted at 09:14h in Bitcoin News by

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The weekend has been largely lethargic for Bitcoin and crypto markets with little movement out of their trading ranges. A couple of tests of resistance occurred but BTC was beaten back by the bears and quickly retreated to its support level. A breakout will come soon and traders are eyeing entry and exit zones.

Bitcoin Fails to Break Resistance

Since its very brief pump to $8,700 on Friday, BTC fell back to support at just above $8,300 and remained there for the duration of the weekend. Very little has happened to prices until late Sunday trading in the US session when they were pushed above $8,400 for a couple of hours.

This too did not last with Bitcoin returning sharply to support again signaling a lack of buyers to take the asset higher. At the time of writing, Bitcoin had fallen below weekend support levels and was trading at around $8,280, just below its weekend support zone according to Tradingview.com.

bitcoin

BTC price 1 hour chart – Tradingview.com

A death cross appears inbound on…

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