Bitcoin consolidates after K surge as analyst eyes weekly higher low for BTC price

Bitcoin consolidates after $40K surge as analyst eyes weekly higher low for BTC price

Bitcoin (BTC) began a nervous weekend at around $39,000 on Feb. 26 after an overnight spike briefly saw $40,000 return.

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

Stocks gains but crypto “fear” pervades

Data from Cointelegraph Markets Pro and TradingView revealed calmer conditions for BTC/USD Saturday after overnight volatility saw highs of $40,330 on Bitstamp.

With traditional markets closed, the probability of “fakeout” moves up or down was elevated thanks to thinner weekend…


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