Analysts began to widely anticipate Bitcoin due to increased volatility after a recent pace of up to $7,500, which followed by a full rebound. Despite these expectations, BTC remains stuck within the $7,200 zone as it struggles to reach momentum.
Analysts now point out that the cryptocurrency may currently be at a critical junction that will determine the direction in the coming weeks and months in which BTC appears to be trapped within a narrow commercial channel.
Bitcoin caught in the ascending channel as analysts move towards the next big move
At the time of writing, Bitcoin is trading at just under 1% at its current price of $7,275, which expands to the side trade that it had been experiencing during the past week.
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