Why is Bitcoin price stuck?

Published

1 year ago

October 15, 2023

News Room

(BTC) price is oscillating within an ascending channel, bounded by a resistance at $28,000 and a rising support at approximately $26,750.

daily price chart. Source: TradingView

The flattening BTC price action has accompanied declining volumes and volatility, underscoring a growing bias conflict among traders.

Bitcoin transaction count. Source: CryptoQuant

Bitcoin supply held by addresses with a 100–100,000 BTC balance. Source: Santiment

BTC/USD daily price chart. Source: TradingView

BTC/USD three-day price chart. Source: TradingView

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