BITCOIN DOMINANCE STRENGTHENSš¢š¢š¢
Bitcoin price maintains weekly support
Bitcoin bulls had lost ground as the week began, with BTC/USD heading towards $27,300 before reversing to trade near $27,700 at the time of writing.
āOverall there is a lot of market reducing risk to $27.4K - $27.3K,ā wrote popular trader Skew as part of an X analysis at the time.
āA key area now as missing that level would take price back to 1W demand. More importantly, until tomorrow buyers need to establish price controls so that prices move higher.ā
Continuing today, Skew noted that derivatives traders are in control of the move for now.
Bitcoin price maintains weekly support
Bitcoin bulls had lost ground as the week began, with BTC/USD heading towards $27,300 before reversing to trade near $27,700 at the time of writing.
āOverall there is a lot of market reducing risk to $27.4K - $27.3K,ā wrote popular trader Skew as part of an X analysis at the time.
āA key area now as missing that level would take price back to 1W demand. More importantly, until tomorrow buyers need to establish price controls so that prices move higher.ā
Continuing today, Skew noted that derivatives traders are in control of the move for now.