BTC price struggles at K as trader says ‘top is in’ for Bitcoin, Ethereum

BTC price struggles at $21K as trader says ‘top is in’ for Bitcoin, Ethereum

Bitcoin (BTC) continued consolidating into the Oct. 30 weekly close as concerns over a deeper retracement became vocal.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Trader avoids new longs below $21,000

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling levels just below $21,000 on the day.

Weekend trading had produced an early return above the $21,000 mark, this short lived as Bitcoin bulls failed to offer the volume to sustain higher levels.

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