Bitcoin (BTC) consolidated into the weekend as market participants stayed optimistic about further gains.

“Most still sitting on the sidelines” with Bitcoin

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering near $30,500 on April 15.

The pair had finished the Wall Street trading week on a less volatile note along with fairly flat United States equities.

With the ten-month highs of $31,035 remaining in force, traders and analysts considered the options for how BTC price action could play out next.

“We’re going higher. Much higher,” Credible Crypto summarized, retweeting a chart of BTC/USD and funding rates from popular technical analyst Murfski.

“Most still sitting on the sidelines, funding still relatively flat. This is disbullief depicted on a chart.”

Murfski had described being long BTC in 2023 as “incredibly cheap” thanks to year-to-date gains of over 70%.

“Being long still doesn’t feel like a crowded trade yet…,” he added.

As Cointelegraph Go to Source to See Full Article
Author: William Suberg

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