Bitcoin stuck in a tight range as BTC price moving averages prepare key bullish cross

Bitcoin stuck in a tight range as BTC price moving averages prepare key bullish cross

Bitcoin (BTC) hovered above $43,000 on Feb. 11 as volatility waned after a fresh local peak.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Support and resistance zones narrow

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD awaiting a trigger to test either support or resistance nearby as Wall Street opened on Feb. 11.

The largest cryptocurrency had seen difficult moves for traders after Feb. 10’s U.S. CPI data, this causing pain for longs and shorts alike as…


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