Bitcoin (BTC) cruised into a new weekly close on Oct. 15 as “ultra boring” trading conditions still offered hope of a $27,000 breakthrough.

“Ultra boring” BTC price may yet surprise at weekly close

Data from Cointelegraph Markets Pro and TradingView tracked a typically sideways weekend, with BTC price volatility absent prior to the close.

Still acting around the key $26,800 mark, Bitcoin denied traders major trajectory cues, while spot markets were quiet.

$BTC
Typical weekend algos hunting over exposed positions into CME Futures open around 12hrs from now & weekly open tomorrow

Not really any significant flow for this weekend so far, just one spot buyer & perp buyer ~ likely algo pic.twitter.com/z38tKoozK3

— Skew Δ (@52kskew) October 15, 2023

Considering upside potential, Michaël van de Poppe, founder and CEO of MN Trading, argued that there was room for a BTC price trip to $27,800.

“Weekends are ultra boring for trading, especially for Bitcoin,” he told X subscribers on the day.

“Unchanged perspective. Did a double-bottom test at $26,500 and held there. Currently fighting resistance, through which another test of $27,000 should end up with a breakout to $27,800.”

Popular trader and analyst Daan Crypto Trades meanwhile eyed an

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Author: William Suberg

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