Bitfinex Alpha | BTC Range Bound as Liquidity Dries Up
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Bitcoin continued to trade within its multi-week range last week, with the price even briefly dipping below the weekly open before closing 4.2 percent higher. There was some initial strength on possible optimistic news coming out of the Federal Open Market Committee, but as the meeting took place, we saw “sell-the-news” trading – further highlighting how Bitcoin remains sensitive to macro-driven catalysts rather than organic momentum.
