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Another weekend of stops and starts for Bitcoin

13 Sep, 2020

Bitcoin ended up late on Friday not far removed from where it had spent most of the day. The price drifted into the weekend around 10,350 having endured a really rather dull day. The did not stray outside of 10,200 to 10,400 all day on Friday. However, it did manage to make a push back above 10,500 on Sunday in a move that looked linked to little more than stop hunting above that level. The price rose to as high as 10,580 early on Sunday morning, but did not manage to hold above 10,500 for very long and the subsequent drop back to around 10,220 on Sunday afternoon pretty much matched the low point seen on Friday. It is trying to rebound slightly this evening as the Asian markets get the new week underway. However, the stop start price action of the past few days is not conclusive to very much right now. Bitcoin is just now trading at 10,320

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