After a spectacular first half of 2023, the price of Bitcoin BTC appears to have stalled out, being stuck between $29,000 and $31,500. There could be reason to believe that in the near term, the price of Bitcoin will tend to trade sideways or to the downside. This thesis can be based on three factors, with two of them involving technical analysis and the third involving fundamentals. Charles Edwards, founder of Capriole Investments, recently released a market update in which he notes the significant resistance Bitcoin has failed to break through at the $31,000–$32,000 level: “Bitcoin is trading into the most ... (full story)