Why is Bitcoin price stuck?
Bitcoin price has been stuck in a choppy range for more than ten weeks. Cointelegraph explains why.
Bitcoin (BTC) has spent over ten weeks trading in a $10,000 price range as new all-time highs remain elusive.
Despite repeated attempts to break above $72,000 or dip below $60,000, BTC’s price has remained range-bound, reflecting trader uncertainty.
At the time of publication on May 29, BTC’s price was down 0.25% to reach an intraday low of around $67,522 amid lower trading volumes, suggesting an extended consolidation period.
Bitcoin price has been stuck in a choppy range for more than ten weeks. Cointelegraph explains why.
Bitcoin (BTC) has spent over ten weeks trading in a $10,000 price range as new all-time highs remain elusive.Despite repeated attempts to break above $72,000 or dip below $60,000, BTC’s price has remained range-bound, reflecting trader uncertainty.At the time of publication on May 29, BTC’s price was down 0.25% to reach an intraday low of around $67,522 amid lower trading volumes, suggesting an extended consolidation period.Read more