BTC price dices with $52K as CME Bitcoin futures OI hits record $6.8B

Bitcoin open interest suggests the potential for fresh volatility as BTC price support levels become clear for the weekly candle close.

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Bitcoin (BTC) returned to the center of an intraday trading range into the Feb. 18 weekly close as bulls profited from weekend trading.

Data from Cointelegraph Markets Pro and TradingView showed $52,000 acting as a focal point for BTC price consolidation.

The largest cryptocurrency saw a dip to $50,680 on Bitstamp the day prior, marking its lowest levels in several days.

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