Bitcoin (BTC) fluctuated around $7,500 on Dec. 9 after a weekend of range-bound movement reduced volatility concerns for traders.

Cryptocurrency market daily overview. Source: Coin360

Cryptocurrency market daily overview. Source: Coin360

Bitcoin delivers classic futures "bounce"

Data from Coin360 and Cointelegraph Markets showed the largest cryptocurrency trading in a $250 corridor since Fri, marking local highs of $7,604 before briefly reversing to $7,395 on Sunday.

Since then, the $vii,500 purlieus has acted equally a centerpiece for Bitcoin, which comfortably filled the latest "gap" in futures markets once once more as the week began.

An increasingly common feature, futures gap-filling refers to BTC/USD targeting a zone between when futures finished trading in ane session and resumed during the side by side. On Friday, CME futures closed at $7,460, opening again at $seven,570.

Bitcoin seven-day price chart. Source: Coin360 Bitcoin 7-twenty-four hour period price nautical chart. Source: Coin360

For regular Cointelegraph contributor filbfilb, the predictable behavior was a source a positivity, despite Bitcoin overall remaining skittish inside its current corridor.

"Looks like we got a bit of a bounce off the cme gap which was overnice," he told subscribers of his dedicated Telegram channel on Mon.

For fellow correspondent Michaël van de Poppe, conditions were similarly choppy. Uploading a new chart to Twitter, he said upside potential hinged on BTC/USD preserving ground at $seven,400.

"Boring, range-bound movements hither," he summarized in accompanying comments. Van de Poppe continued:

"Still, if $BTC breaks the carmine zone around $7,550, I won't be surprised with a move towards $7,800 and notably $8,000-8,200 zone. Crucial; holding $7,400 area equally back up."

Zooming out from the short term, however, others were more bearish. In his weekly analysis for Cointelegraph, well-known pundit Keith Wareing warned that over the coming months, the potential for Bitcoin to drop as low equally $2,500 remained.

Altcoins stay stable as volatility ebbs

The start of the week produced similar beliefs to Bitcoin across altcoin markets. The top twenty cryptocurrencies by market cap avoided pregnant gains or losses, moving generally by less than 1%.

Ether (ETH), the largest altcoin, traded downward 0.vii% at only higher up $150, that level having notwithstanding failed to human activity every bit back up in the past.

Ether seven-day price chart. Source: Coin360 Ether 7-day price chart. Source: Coin360

The exception to the tendency was Algorand (ALGO), which gained 6% on the back of a new implementation understanding with Italy.

The overall cryptocurrency market cap was $203.four billion, with Bitcoin'south share at 66.8% of the total.

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