Why is Bitcoin price stuck?
Bitcoin (BTC) price has been consolidating within a roughly $3,000 range since April 9 as the 200-day SMA trendline remains a stubborn barrier. Data from Cointelegraph Markets Pro and Bitstamp shows that BTC price oscillates within a tight range between $83,000 and $86,000, as shown in the chart below. BTC/USD four-hour chart. Cointelegraph/TradingView Key factors