RATE Group | BTC/USD remains lethargic under $8,400
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BTC/USD remains lethargic under $8,400

03 Oct BTC/USD remains lethargic under $8,400

Posted at 11:05h in Bitcoin News by

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  • Binance Bitcoin futures volume spike above 32,500 BTC overtaking spot trading volume in 24-hours.
  • Bitcoin price technical levels point towards a sideways trading direction in the coming sessions.

While Bitcoin price remained largely unchanged between$8,200 and $8,400 in the last 24 hours, Bitcoin futures trading volume on Binance hit above 30,500 BTC. Binance connected the remarkable performance to its recently launched Binance futures markets. The above figure is said to have zoomed above the Binance spot trading which posted a 24-hour volume worth 219,868,241 in USDT.

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Bitcoin price update

On the other hand, Bitcoin price has remained lethargic under $8,550. The brief surge that catapulted BTC above $8,000 from lows formed around $7,700 and hit a weekly high at $8,550 (Fibonacci swing high). On the brighter side, the downtrend that followed found refuge at the 100 simple moving average (SMA) one-hour, coincided with the support at $8,200.

At   press…

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