Bitcoin 'historic compression' is near as BTC price continues to track sideways after U.S. macro data.
in part of his latest analysis, referencing the closing price of CME Bitcoin futures markets at $29,465.The lack of movement throughout the week meanwhile surprised longtime market participants, including Michaël van de Poppe, founder and CEO of trading firm Eight.
“I'm still favouring upwards momentum to come and I think we've bottomed + are not getting that heavy correction. If we lose $29K however, then I'll be a buyer at $28.2K. Flip $29.7K=party time.”Investigating exchanges, Maartunn, a contributor to on-chain analytics platform CryptoQuant, eyed long positions appearing from Bitcoin whales.
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