Bitcoin Enters Tight $30 Range as Investors Become Indecisive


Bitcoin’s price action has calmed after a strong move lower on the news of the CFTC charging BitMEX and President Trump catching the disease spreading across the globe. The cryptocurrency is currently trading in a tight $30 range, indicating that investors are indecisive. Bitcoin Enters Tight Range as Market Is Indecisive As noted by a top Bitcoin analyst, the leading cryptocurrency has been trading in a $30-50 range over the past few days as investors have become indecisive. Some think that this price action may stem from the news that the U.S. CFTC is charging BitMEX, which is forcing investors to close their positions on the leading derivatives platform. Chart of BTC's price action over the past day with analysis by crypto trader Don Alt (@CryptoDonAlt on Twitter). Chart from What’s Next for BTC? Trends in the Bitcoin futures markets suggest that it may be bulls that soon take…

Read the original article here