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Bitcoin's Trading Range Has Shrunk, It Needs To Break Out To Avoid A Price Drop

Emily Mason

Summary: Bitcoin's trading range seems to have shrunk in recent weeks as the currency bobbles between $9,000 and $9,200. Previously, BTC had seen greater swings between $9,000 and $10,000. The tightened range has led one analyst to look towards $9,225 as a key resistance to breach if BTC is to invalidate a bearish outcome. If BTC ...

Bitcoin's trading range seems to have shrunk in recent weeks as the currency bobbles between $9,000 and $9,200. Previously, BTC had seen greater swings between $9,000 and $10,000.

The tightened range has led one analyst to look towards $9,225 as a key resistance to breach if BTC is to invalidate a bearish outcome. If BTC can't push past that level, price may drop to the $7,000s. 

By Emily Mason

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Link: Bitcoin's Trading Range Has Shrunk, It Needs To Break Out To Avoid A Price Drop   [Copy]
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