Bitcoin price settled around $83,000 after a weekend dip to $81,600. Volatility in the market persisted amid stock market struggles. Traders share mixed sentiments on short-term BTC price forecasts, with some expecting lower targets.
Bitcoin (BTC), once again in the spotlight, hovered around $83,000 as of March 30, following a turbulent weekend that pushed its prices to ten-day lows. Just a day earlier, BTC had dipped to $81,600, but it seemed to find its footing as it began a gradual recovery. This bounce-back came despite increased turmoil in the stock markets, hinting at Bitcoin’s resilience amid broader economic uncertainties.
Renowned trader Daan Crypto Trades shared his quick take on the wild weekend, encapsulating the mood of the market. “Quite the volatility for a weekend indeed,” he noted. The current action seemed to paint a picture where Monday could potentially open at levels equal to where it ended on Friday. Yet, the traders were reminded, volatility in this space seems to be the norm these days.
The talk isn’t just of recovery, though. Daan even suggested that we might see gaps in CME Group’s Bitcoin futures due to these erratic price moves, expressing some hope for a week ahead that promises to be eventful. “Would be nice to not open with a gap for once,
Original Source: cointelegraph.com
