Bitcoin (BTC) found a new home at $36,000 into May 7 as volatility finally cooled into the weekend.
Terra down at least $250 million in crunch
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling the $36,000 mark overnight after losing 12% in just 72 hours.
Still near its lowest levels since late February, the pair had nonetheless avoided a rematch of 2022 lows at the time of writing despite low-volume weekend market conditions.
In his latest Twitter update on May 6, popular trader Anbessa highlighted the planned support level to buy Bitcoin in what he described as a “fakeout” — a zone beginning at just under $33,000.
#Bitcoin Update
Twitter friendly, easy words
BTC support, BTC fakeout we want to buy. Chop very profitable it was. Now waiting for final HTF entry we do.
Superior we are. pic.twitter.com/Lt5XT5rRKw
— AN₿ESSA (@Anbessa100) May 6, 2022
While some eyed profit opportunities, however,…
