Bitcoin’s dull range-bound action is likely to continue for a few more days as the bulls and the bears battle for control of BTC price.
Bitcoin's correction deepened as BTC price fell to $65,000, and altcoins were hit with double-digit losses.
Bitcoin is trading just below the $45,000 level as traders await the SEC's final decision on the spot Bitcoin ETF applications.
Bitcoin and select altcoins are attempting to break above their respective resistance levels, signaling aggressive buying by the bulls.
Bitcoin bulls are trying to protect the $65,500 level, but if they fail, a drop to $62,000 is possible.
Bitcoin’s rise above $63,000 has attracted buying in several altcoins, signaling that the sentiment is turning bullish.
Bitcoin price is back to chasing after its range high and most altcoins are following by hitting new year-to-date highs.
Bitcoin needs to find support in the $90,000 to $85,000 range in order for altcoins to recover and find new buyers.
Bitcoin and altcoins have turned bullish following the BTC supply halving. Are new all-time highs in the making?
Bitcoin is witnessing profit-booking by short-term holders, but institutional investors continue to put money into BTC investment products.
