Anxious Traders Beware: Bitcoin (BTC) May Range Sideways for Weeks to Come7.2

Despite losing the majority of its upwards momentum over the past week, Bitcoin has been able to continue climbing higher and is now approaching the $5,300 level. BTC’s ability to continue climbing higher despite the lack of major buying volume has been technically positive, but traders are still laying out potential bear scenarios that could lead Bitcoin back down towards $4,000.

One prominent cryptocurrency analyst recently explained that he expects Bitcoin to get caught in a sideways trading range for the weeks to come, which may be disappointing to traders who are anxiously awaiting a big price swing.

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