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Bitcoin (BTC) heads into a new week and a new monthly close still stuck in one of its narrowest ever ranges.Acting in an area just below $30,000, BTC price performance has frustrated or simply bored traders over the past week — could a breakout come next?This is the question on
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New crypto market trends are starting to emerge now that
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Bitcoin seems to be forming a new range around its current levels as the cryptocurrency moves between the $18,600 and $21,000 area. BTC’s price has seen some recovery during today’s trading session and might experience some volatility due to the U.S. Independence Day, July 4th. Related Reading | Solana (SOL) Stuck Below
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Bitcoin (BTC) is in line for "explosive" price action as derivatives markets return to form in 2022, a new forecast states.In a tweet on Jan. 4, Vetle Lunde, an analyst at Arcane Research, confirmed that BTC denominated open interest (OI) had returned to all-time highs seen in November.Open interest demands
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Bitcoin has been caught within a tight trading range between $9,000 and $10,000 for two months now. This trading range is still showing few signs of degrading as buyers continue guarding against a dip below its lower boundary.That being said, history does show that multi-month bouts of consolidation – like
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Bitcoin just saw a harsh $1,500 rejection at one of the most important resistance levels in the asset’s history. Though analysts remain long-term bullish, with one going as far as to say that market “fireworks” are in this market’s sights.Related Reading: Ethereum DeFi Nears $1 Billion Milestone Again, and That’s Big
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The past few days have undoubtedly been bullish for Bitcoin, with the cryptocurrency ripping over 20% higher from the mid-$7,000s to a price as high as $9,500 over the course of 48 hours.This stunning rally has brought the cryptocurrency above some key resistance levels pointed out by traders. One trader
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