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Why is Bitcoin price stuck
Key takeaways:Bitcoin gained 10% over the past week, but overhead resistance continues to obstruct a rally to $100,000.Bitcoin (BTC) displayed strength as the week opened on April 28, up 10% over the last seven days to trade at $95,500.Data from Cointelegraph Markets Pro and Bitstamp shows that BTC price has been suppressed under $100,000 since...
Bitcoin (BTC) price has been oscillating inside the $82,400-85,300 range since March 14 as breakouts in both directions have been short-lived, as shown below.BTC/USD four-hour price chart. Source: TradingViewKey factors behind Bitcoin’s flat price action include:Unpredictable US economic policies.Lack of fresh capital entering the market.Technical setups. Trade war fears offset pro-Bitcoin newsBitcoin’s price is stuck...

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