At the moment, not too much is happening with Bitcoin’s (BTC) price action. The price continues to drop and a series of lower highs occur even as bullish news hits the press week after week. The news of Bakkt futures trading volume increasing by 796% failed to positively impact Bitcoin price and Fidelity Investments’ announcement that it has launched crypto custodial services also did little for the market.
The general sentiment amongst Bitcoin traders seems relatively unenthusiastic and many traders view Bitcoin’s current price action as an opportunity for accumulation at $7,800 and below.
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