Wednesday, April 17, 2024

Why is Bitcoin price stuck?

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Why is Bitcoin price stuck? © Reuters.

The price of (BTC) has remained fairly stable for several days in a row. With BTC price volatility subsiding, cryptocurrency markets are digesting the SEC’s lawsuits against Binance and Coinbase (NASDAQ:).

So why is Bitcoin’s price stuck and what will be the next catalyst for a big move? Let’s take a closer look.

Bitcoin Volatility History. Source: Coinglass.com

The EMA range

daily price chart. Source: TradingView

Bitcoin bears are cautious ahead of Fed meet

Bitcoin volatility time series charts. Source: Buy Bitcoin Worldwide
BTC/USD weekly price chart. Source: TradingView

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