Cryptocurrencies
Bitcoin Analysts Brace for ‘Dogfight’ With Narrowing Trading Range
Bitcoin: What’s Coming in the Year Ahead
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The narrowest trading range in about six months has Bitcoin technical analysts scouring price charts to help figure out whether the biggest cryptocurrency is poised to build upon its April rally.
“The market is not sending off strong signals as we speak as to the direction of the next major move,” Evercore ISI’s Rich Ross said. And though the bigger trend is higher, he said “Bitcoin is likely to remain violently sideways until a new trend emerges."