Crypto Market Volatility Continues Amid Bitcoin Price Rejection and Fed Panic Predictions
TL;DR Summary
Bitcoin's price briefly spiked above $28,000 but encountered resistance below its local highs from around the weekly close, and stocks also treaded water after the opening bell. The looming gap in CME futures markets and Bitcoin’s potential to “fill” it next is on the radar, with a blank space on the futures chart between $26,900 and $27,850 providing a potential short-term downside target for the spot price. Traders are optimistic about Bitcoin's bid liquidity and potential triple breakout for Bitcoin when it comes to market structures.
- Bitcoin price rejects at $28K as analysts eye CME futures gap dip Cointelegraph
- Crypto Now Braced For A $1.1 Trillion Fed Panic After Bitcoin And Ethereum Price Surge Forbes
- It Really Is Time for Bitcoin (BTC) To Rise, Says Veteran Trader Tone Vays – Here’s His Target The Daily Hodl
- How the Crypto Market Is Reacting to Debt Ceiling Developments CoinDesk
- Ripple (XRP) Soars 5% Daily, Bitcoin (BTC) Loses $28K (Market Watch) CryptoPotato
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