- BTC price has been fairly flat the last two weeks as volatility has subsided to monthly lows
- BTC Price has formed a 2 month long falling wedge pattern
- 50 MA has acted as resistance for almost 3 months
Bitcoin (BTC) Price Overview [Video]
Bitcoin (BTC) price action has been super flat the last 2 months ever since the -50% drop off highs. Bulls and bears have been equally controlling price action which has led to a large sideways consolidation. This has left many investors & traders at a lost of interest as this is not a good price action to trade as which a clear direction is lacking. A newly spotted price pattern may give a hint of how much time BTC will have a lack of trend.