Bitcoin and the major altcoins remain stuck in a range as traders search for the next factor that will start a directional move.

Traders are calling for a “relief rally” to $35,000, but derivatives data shows bears stand to profit from this week’s $1.81 billion BTC options expiry.

BTC price could be poised for a big bounce despite Minerd’s prediction that price will drop to $8,000.

On-chain indicators focusing on Bitcoin's fair valuation and long-term holders' sentiment also raise its prospects of bottoming out.

An uptick to two-week highs is on the cards but longer timeframes still trouble Bitcoin analysis.

BTC price action remains at the mercy of equities performance at the Wall Street open.