Bitcoin Remains Range-Bound As Volatility Declines – Analyst Explains Price A...
Bitcoin has experienced frustrating price action in recent weeks, leaving investors impatient about its short-term direction. The price has been testing crucial supply levels between $98K and $100K, struggling to break out as uncertainty dominates the market. The lack of a clear move has led to speculation about whether BTC is preparing for a breakout […]
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Bitcoin price technical analysis shows some key levels that traders should watch this week as BTC remains range-bound below $11,000. The previous months have given incredible volatility across the boards, including Bitcoin (BTC). However, in recent weeks, the volatility drastically decreased to a state of boredom.The overall momentum and bullishness have left the crypto markets only to be replaced by range-bound sideways movements. In other words, very boring. However, what is the crucial Bitcoin price level to watch for in the coming week? Let’s take a look at the technicals. Bitcoin....
Bitcoin price has spent the day above $450 (Bitstamp) but the market has not made progress either way. We take a look at the most significant boundaries for this years price action – and the levels that will confirm that a trending move has broken out. Price remains range-bound and there is no new analysis to add to the outlook expressed in previous posts this week. The general view is that price has steadily printed higher lows during the past six months, yet, has failed to make a new high. The labored progress to the current position of price above $450 has been achieved with low trade....
A crypto analyst has disclosed reasons why the price of Bitcoin could witness more declines to $52,000 lows. According to the analyst, Bitcoin has broken key support levels, which indicates a potential shift from a bullish to a bearish position. Analyst Projects Bitcoin Crash To $52,000 In a post on X (formerly Twitter) on June 21, crypto analyst, Justin Bennett predicted that Bitcoin could witness a price crash to key ranges between $52,000 and $54,000. He shared a price chart illustrating Bitcoin’s recent decline, highlighting that its price remains range-bound, showing no clear....
After yesterday's bullish action, can the bitcoin price gain further strength today or are we set for a short to medium term correction? Here's our take. Yesterday was a big day in the bitcoin space. In the wake of Hearn’s damning essay at the end of last week, the bitcoin price staged one of its sharpest declines of the year, and bottomed out around $350 flat – a level not seen since the beginning of December last year. A couple of days of consolidation, during which the bitcoin price traded essentially flat between a very tight range, brought us to yesterday afternoon. Across this period....