Bitcoin Price Stuck in Tight Trading Range, BitMEX Responsible for Lack of Volatility?
After a week of insane volatility in the crypto markets, with rising and falling in the thousands, and swinging back and forth over the better course of the week, the first ever crypto asset has been stuck in a tight trading range over the last 24 hours, and a break to either side should set the direction of the trend for the coming days ahead.
With Bitcoin price stuck in a tight range between $10,800 and $10,300, there isn’t much more room for volatility, and a decision should be made soon enough. Once a breakout does occur, Bitcoin will logically trend to the next level of resistance or support, providing a potential upside and downside target.
Bitcoin Price Trading Range Tightening, Breakout Imminent
Bearish sell pressure has increased across the crypto market, especially for . Between fearing the potential impact looming regulation may have on the industry and asset class, combined with natural profit-taking following a parabolic rally that may be in jeopardy, and there’s a recipe for disaster.
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