Bitcoin price technical analysis shows some key levels that traders should watch this week as BTC remains range-bound below $11,000.
Traders are mixed after the price of Bitcoin sees a sudden pullback from $10,950 to $10,630 overnight.
Bitcoin difficulty ribbon compression has broken out of a bear trend it has been in since the March coronavirus crash.
Bitcoin price is sideways and pinned below $11K, leading traders to seek greener pastures in altcoins and DeFi tokens.
Data shows decentralized exchange volume skyrocketed in the last 6-months and Uniswap leads the pack.
Bitcoin and altcoins may hit a few roadblocks in the short-term as they near stiff overhead resistance levels, but the overall trajectory remains bullish.
Daily closes for BTC/USD have been above $10,000 since July 27, and that’s a new record, data shows.
Bitcoin tests $11,000 on Donald Trump’s tax revelations but KuCoin’s $150 million may yet put a dampener on bulls.
After the $150 million KuCoin hack, traders appear unworried that open market sales by the hacker will drop Ethereum price.
The tight consolidation in Bitcoin and a few altcoins points to a potential breakout within the next few days.