(BTC) faced a drop to $40,000 on Feb 27 as hopes for the weekly close hinged on avoiding a fourth consecutive monthly red candle.
1-hour candlestick chart of the pair (Bitstamp). Source: TradingView Tension Mounts as Markets Open TradFi Data from Cointelegraph Markets Pro and TradingView showed that the BTC/USD pair made several attempts to break out of the $30,000-$40,000 range on Sunday, all of which ended in a pullback.
The pair remained higher throughout the weekend, giving traders a respite after a week of volatility at the hands of geopolitics and media headlines.
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