coingape.com
- BTC price is stuck in a range for nearly 6 weeks
- RSI is currently breaking 177 day trend line
- 50MA has been resistance for nearly 2 months
Bitcoin and the broader cryptocurrency market have been stuck within a range for nearly a month and a half. This has lead many investors and traders to boring times compared to the previous 6 months of the market movement. This is completely normal and expected after such a bullish trend that was seen since March of 2020. BTC price needs to break and hold its important zone of 38k-41k to put this boring, range trading to an end.