Bitcoin breakout 'matter of time' says analysis with BTC price at $28K
Bitcoin will make a decision sooner rather than later, according to cues from the Binance order book. Bitcoin (BTC) stayed tightly rangebound at the April 3 Wall Street open as analysts counted down to volatility. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView "Watch for rugs" on BTC Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it lingered around $28,000 on Bitstamp. The weekend had finished on an erratic note as news of a Opec+ oil production cut sent crypto tumbling before a rebound during the Asia trading session. Amid a lack of clear direction, monitoring resource Material Indicators flagged significant liquidity on either side of spot price on the Binance order book. "We still don't have a confirmed breakout or breakdown, only rejected attempts which have kept price chopping in this range," part of fresh Twitter commentary added. "It's only a matter of time until one side breaks. Watch for rugs." BTC/U...