The weekend has been largely lethargic for the Bitcoin and crypto markets with little movement outside the trading areas. A couple of resistance attempts occurred, but the BTC was knocked back by the bears and quickly withdrew to the support level. An outbreak is coming soon and traders are looking at the entry and exit zones.
Bitcoin fails to break resistance
Since the very short $ 8,700 pump on Friday, BTC declined to support just over $ 8,300 and remained there for the duration of the weekend. Very little happened to prices until late on Sunday trading in the US session when they were squeezed over $ 8,400 for a couple of hours.
This did not last for Bitcoin to come back sharply to support again to signal a lack of buyers to take the asset. higher. At the time of writing, Bitcoin had fallen below support levels for the weekend, trading at around $ 8,288, just below its weekend support zone, according to Tradingview.com.