BTC Candle Chart Perspective

If you look at the recent chart, Bitcoin is moving within a fairly tight price range. The consecutive candles with small bodies indicate that the market lacks a clear momentum to break out.

However, each time the price drops a bit deeper, buying pressure appears quite quickly. This shows that there is still capital waiting to buy at low price levels.

In technical analysis, prolonged sideways periods are often a preparation for a strong movement afterward. Therefore, many traders are watching whether $BTC will break above or below the current price range.#BTC

BTC

70,614.11

-1.02%