Bitcoin Breakout on July 22?

We may see some big moves very soon now. Bitcoin atm is tipping right above $9,200

Bitcoin Breakout on July 22? 5 Things to Watch for BTC Price This Week

Equities led a somewhat uneventful start to the week’s trading, with major stocks futures slightly down on the day — by a maximum of 0.6% at press time.

Bitcoin likewise had a quiet weekend, with volatility remaining negligible and a narrow trading corridor continuing to characterize price performance.

On Monday, BTC/USD hovered at around $9,180, having hit local highs of $9,226 earlier, its highest since July 15.

As has become standard in recent weeks, coronavirus sentiment and reactions to associated remedial measures from governments and central banks dictate macro action, and Bitcoin remains susceptible to copycat moves.

With calm reigning prior to the opening bell on Wall Street, room for maneuver appeared limited, given the “compression” in BTC/USD over the past several weeks.

A cycle of higher lows and lower highs, the current compression cycle showed little sign of breaking this month. As Cointelegraph reported, however, the status quo is ripe for change — and that should happen this week, say analysts.

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Master Asked on July 20, 2020 in Bitcoin.
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