A full week of choppy sideways trading! BTC failed twice to break above 87,400 and is stuck around the 85,500 midpoint. What’s next?
$BTC Short-term price action remains choppy
A week has gone by, and Bitcoin is still trading within the range mentioned earlier. After breaking above the range midpoint at 85,200, it tested the resistance overhead at 87,400 twice, but failed both times!
The price is currently fluctuating around 85,500, near the midpoint of the range. There are no clear trading opportunities here, so wait for price to reach the range highs or lows, or for a confirmed breakout!
Resistance above: 87,400; support below: 82,280!
$BTC Short-term price action remains choppy
A week has gone by, and Bitcoin is still trading within the range mentioned earlier. After breaking above the range midpoint at 85,200, it tested the resistance overhead at 87,400 twice, but failed both times!
The price is currently fluctuating around 85,500, near the midpoint of the range. There are no clear trading opportunities here, so wait for price to reach the range highs or lows, or for a confirmed breakout!
Resistance above: 87,400; support below: 82,280!