Bitcoin's Price Struggles Below $27K Amid Market Volatility and Inflation Fears.
Originally Published 2 years ago — by Cointelegraph
Bitcoin (BTC) hit lows of $26,519 on Bitstamp after the daily close, with little signs of a trend change as a stalemate between bulls and bears continued to produce little volatility. Popular trader Crypto Ed considered the potential for upside topping out at $27,500, while fellow trader Crypto Tony urged caution until $27,500 returned. Financial commentator Tedtalksmacro flagged favorable macro conditions for Bitcoin to move, while popular trader Moustache was equally upbeat about a Bitcoin copycat move based on bullish signals from the S&P 500.