Cryptocurrencies have been trading aimlessly during the past 7 days. Bitcoin is locked in a small range between $225 and $243. Litecoin has been trading between $1.72 and $1.86 all week. The markets are waiting for the next directional move.
Bitcoin Trading in 7 Percent Range
Bitcoin has been trading in a small 7 percent range between $225 and $243 since February 17th. With the next BTC auction scheduled for March 5th, market participants may prefer a ”wait and see” approach. While the initial announcement last week had little effect on the bitcoin price, the auction itself may be a different matter altogether.
READ MORE https://blog.fxopen.com/cryptocurrencies-waiting-for-next-move/
