Market Wrap: Bitcoin Price Falls as Markets Await Fed Chair Powell’s Comments – CoinDesk

Bitcoin’s current reading, while slightly above 30, indicates that BTC is undervalued, although the recent price moves have come on lower-than-average, trading volume.. Lower-than-average trading volume can imply a lack of conviction in a trade both now and in the near future. As markets await Fed Chair Powell’s symposium comments on Friday, BTC will likely trade relatively flat on lower volume in the coming days.