Bitcoin (BTC) Stuck in Range; Why It Can Still Breakdown

Bitcoin remains stuck around the $20K mark, changing bands beneath the resistance of $20.5K. Bearishness has BTC hovering beneath $20K and 100hourly SMA. The 1-hour chart shows a near-term climbing channel with support at $19,750. A clear move under $19.6K and $19.5K might see Bitcoin accelerating…

By Erik Taylor · Updated Sep 05, 2022