(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.
Read the full article on Cointelegraph
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
