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Cryptocurrencies, blockchain, NFT and new trends

Why is Bitcoin price stuck?

  -0.55% -0.53%

Bitcoin (BTC) has been stuck inside a narrow trading range for weeks, and Aug. 15 is no different.

BTC price was down 0.32% to around $29,300 on the day. However, its overall market trend remained flat with BTC/U bouncing inside the $28,500-30,000 range since July 24, as shown below.

BTC/USD daily price chart. Source: TradingViewBitcoin annualized realized volatility. Source: GlassnodeBitcoin options (green) and futures (orange) volume. Source: TradingViewDXY vs. BTCUSD daily price chart. Source: TradingViewBTC/USD daily price chart. Source: TradingViewBTC/USD fractal comparison. Source: TradingView/Trader TardigradeBTC/USD weekly price chart featuring rising wedge breakdown. Source: TradingView

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