Bitcoin Stuck in Tight Range as Downtrend Persists
Bitcoin's price action over the past year has been characterized by a well-defined downtrend from just below $130K to its current range of around $60K.
The cryptocurrency has held a relatively tight range between about $58,600 and $66,500 for the last two months following its latest leg lower in the spring.
Market observers are now wondering if this period of calm is merely a pause or a sign that another storm is brewing.