Markets· ★★· neutral·

Rakuten Wallet's Matrix Method scores bitcoin 2.8 out of 5, sees range trading

  • —Matrix Method composite score came in at 2.8 out of 5, below neutral
  • —The gauge is a fixed weekly exercise producing a single market score for BTC
  • —Outlook is prolonged range trading without a decisive break
Why it matters: The sub-neutral score reinforces the lack of drivers for bitcoin and signals traders to expect range-bound action.
#BTC
Source: Coinotag
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