Bitcoin trades at $26,326, after ending today at $26,330.
This uncertain state for Bitcoin is reflected by published market data as United States CFTC Nasdaq 100 speculative net positions released yesterday at 20:30 UTC with a figure of 15,700, while the previous figure was 8,800. United States CFTC S&P 500 speculative net positions released yesterday at 20:30 UTC with a figure of -331,400, while the previous figure was -344,500. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 155,100, while the previous figure was 172,400.
Bitcoin is approaching key support, around $698.77 away from $25,627. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls. Bitcoin's upper Bollinger Band® is at $27,761 and the lower is $25,123.
Despite muted price action in Bitcoin, chart analysis indicates it is positioned for a bullish run in the short term.
While Bitcoin is pretty flat so far today, mixed performances are seen elsewhere as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36.
On a negative trend for around 2 months. Bitcoin has fallen back around 13.65% over the past 2 months, from a notable high of $30,500.