The Bitcoin price of $31,500 is expected to hit the lowest weekly closing price in 2021

Bitcoin (Bitcoin) It is possible to lose nearly $3,000 this week, as prices have been mixed during the weekend.

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

Traders want BTC prices to fluctuate at the last minute

Data from Cointelegraph Markets Pro with Transaction view Later on Sunday, the trading price of BTC/USD was slightly higher than 31,500 USD-possibly reaching 2,800 USD per week.

BTC/USD 1-week candlestick chart (Bitstamp). Source: TradingView

There were few surprises over the weekend, and Bitcoin moved within a predictable range after an initial short surge of more than $32,000 on Friday.

Despite retaining the $31,000 support level and not retesting $30,000 so far, Bitcoin is still expected to hit its lowest weekly closing price since December 2020.

Although some traders and analysts expressed that they are not satisfied with the subsequent spot price movements Two months Wandering in the same range, others still pay attention to potential damage.

“If we randomly move in the last 2-3 hours of the Bitcoin weekly candle, I wouldn’t be surprised,” Michaël van de Poppe tell Twitter fans.

Sunday marks the biggest day Series unlock In Grayscale Bitcoin Trust ($GBTC). At the time of writing, there have not been events that many people nervously anticipate that have any obvious impact on price action.

GBTC unlock schedule. Source: Bybt

Altcoins will lock in losses

On Sunday, altcoins looked equally lackluster, with many of the top 50 cryptocurrencies by market capitalization having a weekly decline similar to Bitcoin’s -8%.

related: Bitcoin’s second-longest bull market has fallen back, and the price of BTC “stalled” at $30,000

Ether (Ethereum) Hovering at US$1,900, which is still below the support area around US$100, while Amp (AMP) is rising by 12% daily.

ETH/USD 1-hour candlestick chart (Bitstamp). Source: TradingView

The overall market value of cryptocurrencies is 1.294 trillion U.S. dollars, and Bitcoin’s share is 45.9%, slightly lower than Friday.