Craig Erlam<\/strong>\u00a0said last week was choppy for Bitcoin, which failed to make major moves in both directions.\u00a0<\/p>\n\u201cPerhaps we are seeing a floor forming a little shy of the early summer lows around $17,500, although that will very much depend on risk appetite not plummeting once more which it very much has the potential to do,\u201d said Erlam.<\/p>\n
\u201cI keep using the word resilience when discussing bitcoin and that has very much remained the case.\u201d<\/p>\n
Alternative.me\u2019s<\/strong>\u00a0\u201cCrypto Fear & Greed Index\u201d remains at \u201cExtreme Fear\u201d going into the fresh trading week. A value of 0 on the index represents \u201cExtreme Fear,\u201d while 100 means \u201cExtreme Greed.\u201d Last week the index was at 21, while at the time of writing it was at 24.<\/p>\nMicha\u00ebl van de Poppe\u00a0<\/strong>said on Twitter that the coming week will be \u201cvery volatile\u201d as the markets closed \u201cterribly last week.\u201d<\/p>\nThe cryptocurrency trader said he would be looking at the correlation between Bitcoin and indices.\u00a0<\/p>\n
Van de Poppe said he would be looking out for the ISM report that tracks purchasing managers’ indexes along with job openings and meetings of the\u00a0Organization of the Petroleum Exporting Countries<\/strong>\u00a0(OPEC).<\/p>\n