Bitcoin traders hope $27K holds as BTC price ignores volatile US dollar

Bitcoin looks like a stablecoin compared to the U.S. dollar index on the day, with BTC price levels of interest close to spot.) stayed glued to $27,500 at the Oct. 4 Wall Street open as attention continued to focus on rampant United States yields.Popular trader Skew flagged market takers selling toward $27,600, lending “importance to this price level reclaim.”October 4, 2023

“Market conditions in Tradfi aren't great so pressure's down. Lets see if BTC can hold this area for a while longer, until other markets stabilize. Holding 27k is key for $BTC!”Bitcoin analysts still predict a BTC price crash to $20KSkew suggested that this angst over how macro forces would play out was responsible for the lack of significant BTC trading volume.

“Market is likely trying to digest everything that is going on terms of risk parameters and exposure. Many are capitulating to cash imo under market distress.”

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin S-Chain Advances Scalability and Efficiency in the Bitcoin CommunityHere’s how Bitcoin S-Chain leverages advantages of Bitcoin (BTC) and Ethereum (ETH)
Source: Utoday_en - 🏆 295. / 63 Read more »

BTC price hits ‘Uptober’ up 5% — 5 things to know in Bitcoin this weekBitcoin charges into Uptober with five BTC price triggers lining up for the coming week.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Bitcoin traders demand ‘slow grind’ up after BTC price drops over 4%Bitcoin retraces its trip to six-week BTC price highs as sellers win out above $28,500.
Source: Cointelegraph - 🏆 562. / 51 Read more »