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Trading the Current BTC Range
Bitcoin remains in a tight range following this week’s retest of $25,200 resistance. We saw an intraday deviation above that multi-month level, but we may get something more substantial soon. On Wednesday, I wrote about how rallies should be expected while above the $23,130 monthly open. That level is also the January close and the February open and close. So as long as BTC trades above that, we have to respect the potential for higher prices. Currently, Bitcoin is trading between $23,950 support and $26,500, with a mid-range at $25,200. It’s no coincidence that the mid-range is the same multi-month key level at ... (full story)
