Bitcoin Nears Historical Bottom Territory, What’s Next For BTC?

Bitcoin Nears Historical Bottom Territory, What’s Next For BTC?

Bitcoin has closed about important resistance but continues to move sideways in the last 24 hours as the altcoins sector shows more strength. The first cryptocurrency by market cap might be forming a range between its yearly low at around $18,000 with a top near its previous highs.

At the time of writing, Bitcoin (BTC) trades at $21,600 with sideways movement in the day and a 7% loss over the past week.

BTC’s price with minor gains on the 4-hour chart. Source: BTCUSDT Tradingview

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