Bitcoin (BTC) has seen fluctuations during the start of legacy market trading, with Cointelegraph Markets Pro data indicating a period of price stability. During this period, traders are de-risking in a range of $27.4K - $27.3K. Several market participants are broadly optimistic, with one of them proposing that if Bitcoin is able to break back above $28,000, the thesis to $35,000-40,000 could be a reality. Meanwhile, data shows that Bitcoin's share of the overall crypto market cap has hit 51.35%, its highest levels since mid-July. Popular trader Crypto Tony has flagged $27,200 as the level that should be held to avoid shorting BTC. If this level is broken, shorts may become more attractive.

It is worth noting that this article does not contain investment advice or recommendations and every investment and trading move involves risk. As such, individuals should conduct their own research when making a decision.



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