Bitcoin (BTC) held steady at the June 20 Wall Street open as nervous traders waited for a short-term trend decision.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTrader flags Bitcoin “macro bottoming period”
The weekend had spooked the majority of the market and liquidated speculators with a trip to $17,600, marking Bitcoin’s lowest levels since November 2020.
Now, with United States equities cool at the start of the week, comparative calm characterized the largest cryptocurrency.
“Nice reaction off of the bottom of our 16K–20K demand zone,” popular trading account Credible Crypto commented on the weekend’s price action.
“12 hours of bleeding erased in 2. No confirmation this