What Traders Are Saying About Bitcoin's Biggest Monthly Loss in 11 Years
— Expect bitcoin, Traders, Bitcoins, Chris terry, Bitcoin, Fairly narrow range, Terry, Feeling, Lending platform smartfi say, Bitcoin stays — 1 min read
Others say they expect bitcoin to trade in a narrow range in the short term. The feeling of the trading desk is that if bitcoin stays in the $18,000 to $20,000 range, it's going to be a long drawn out, says SmartFi's Chris Terry of lending platform SmartFi. “We could be in this trading range now for weeks,” he said. Bitcoin is expected to remain in a range between $18 and $30,000 for the next few weeks, Terry said. The price of bitcoin has slumped to $35,000 on Tuesday. The market is expected for the first time since December. The first time bitcoin has been in a long-term trading range of $35 million. Source