BTC remains parked at resistance as BBs tighten
BTC remains to be stuck at the 30-31k resistance zone, where it has been stuck now for almost 2 weeks. The Bollinger Bands are also tightening, so it appears everyone is waiting for a news event strong enough to kick the price in either direction.
The BTC ETF hype gave some temporary momentum, but without more concrete evidence that one will get approved, it isn't enough to continue the upward run.
I suspect there will be a dramatic move in either direction this week, unsure on the direction though at this stage.
The BTC ETF hype gave some temporary momentum, but without more concrete evidence that one will get approved, it isn't enough to continue the upward run.
I suspect there will be a dramatic move in either direction this week, unsure on the direction though at this stage.
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