Momentum signals have weakened over the past week, which typically precedes a period of flat to negative price action. For now, buyers have kept prices anchored around the $40,000 price level, albeit unwilling to decisively break above the $46,710 resistance level over the past three months.
Related posts
-
$1B Pours Into US Bitcoin ETFs in a Single Day, Shaking Up the Market
On Thursday, U.S. spot bitcoin exchange-traded funds (ETFs) achieved a significant milestone, bringing in $1 billion... -
Anixa Biosciences expands treasury strategy with Bitcoin
Cancer-focused biotech Anixa Biosciences announced plans to invest in Bitcoin to strengthen its financial strategy and... -
Bitcoin Technical Analysis: BTC Flirts With $100K as Market Awaits Directional Clarity
Bitcoin is treading a fine line near the coveted $100,000, keeping traders on edge as the...