Why is Bitcoin price stuck?
Bitcoin price trades in a tight range on lower timeframes, and data suggests the trend could continue for a few more days, subject to clarity on Trump’s economic policy.
Bitcoin (BTC) price has been consolidating within a roughly $3,000 range since April 9 as the 200-day SMA trendline remains a stubborn barrier.
Data from Cointelegraph Markets Pro and Bitstamp shows that BTC price oscillates within a tight range between $83,000 and $86,000, as shown in the chart below.
BTC/USD four-hour chart. Cointelegraph/TradingView
