Bitcoin Consolidates After $40,000 Surge as Analysts See a Higher Weekly Low for BTC Price

©Reuters. Bitcoin Consolidates After $40,000 Surge as Analysts See a Higher Weekly Low for BTC Price

(BTC) started a jittery weekend around $39,000 on Feb 26 after an overnight spike briefly saw a return to $40,000.

1 hour candlestick chart for the pair (Bitstamp). Source: TradingViewStocks rise, but “fear” prevails Data from Cointelegraph Markets Pro and TradingView revealed calmer conditions for the BTC/USD pair on Saturday after overnight volatility hit highs of $40,330 on Bitstamp.

With traditional markets closed, the likelihood of “false” moves up or down increased thanks to lower weekend volumes in the crypto markets.

Read the full article on Cointelegraph

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