Well stated in his most recent article William Suberg, as he pointed out that Bitcoin price action gets "interesting" with the closing of a triple candle that allows it to regain USD 61, as BTC price behavior sees uncommon moves for a weekend ahead of Bitcoin's weekly, monthly and quarterly closes.
The aforementioned Suberg article revealed that the BTC/USD pair "recovered from local lows of USD 59,950 the previous day, marking a further drop below the key USD 60,000 level amid a sense of uncertainty about BTC price support."
On the other hand, according to popular trader Daan Crypto Trades in a post on X (formerly Twitter), "I doubt we will get our usual weekend price action as mentioned. Quite a bit of action relatively speaking. The end of the quarter usually causes some interesting moves."
It has been noted that, "The latest data from monitoring resource CoinGlass showed USD 60,583 as the key liquidity level to the downside, with a bid cloud extending towards USD 59,500."
Finally it is important to note that expert traders postpone USD 95,000 bets on the BTC price, "Elsewhere, continued sluggish performance cost one Bitcoin bull its short-term BTC price target"
SOURCES CONSULTED
Cointelegraph. Bitcoin price gets 'interesting' as triple candle close sees $61.5K return. Link
OBSERVATION:
The cover image does not belong to the author: @lupafilotaxia, the image was taken from: Cointelegraph
