- It was a mixed day for the cryptocurrency market as Bitcoin saw its price spike higher while the majority of altcoins recorded slight losses as crypto traders remain on the sidelines awaiting a more opportune trading environment.
Data provided by TradingView shows that Bitcoin continues to consolidate around the $27,600 support level, with the top crypto ranging from a low of $27,275 to a high of $28,052 in trading on Tuesday.The stabilizing price of Bitcoin was reflected in the price of April Bitcoin futures, which traded “near steady in early U.S. trading” according to Kitco senior technical analyst Jim Wyckoff.
The lack of a notable price movement was touched on by Crypto Tony, who posted the following tweet highlighting the patience required to wait for a short order to hit his target of $26,650.Same update, different day. Certainly a trade for patience this .. While below the EQ i am looking for the tap of the range low as my target on my short 💯 pic.twitter.com/mLwYJB9qJS