Bitcoin volatility continues as BTC price closes in on critical weekly close

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Data from Cointelegraph Markets Pro and TradingView showed BTC/USD losing $1,000 in just over an hour during Saturday before rebounding.

The weekend had started with the pair at around $43,000 — a critical level some say should hold as the weekly close looms.

Others argue that lower price action would also be suitable for Bitcoin in the aftermath of Friday’s volatility, with $36,000-$38,000 the cut-off point for bulls.

Among them is Cointelegraph contributor Michaël van de Poppe.

 

“The critical level for Bitcoin is still the same, which is between $38-40K I’d prefer to see the level hold,” he told Twitter followers late Friday.

“If that happens, everything is fine.”

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