Bitcoin price is linked to a follow -up to a slow weekend

Bitcoin continues to trade sideways with fluctuations at its lowest levels of our multiple days. The price remains stuck in a narrow range, indicating that the collapse may be imams because the pressure reaches a top during the weekend.

Bitcoin (BTCThe price of the price stopped, while maintaining a tight scale for more than a week as the fluctuation decreased steadily. With strong technical boundaries on both ends of the range, traders are now looking for an outbreak that can dictate the next main step.

Main technical points

• High resistance: 105,000 dollars
• Low support: 100700 dollars
• Market structure: Forming a balance -like balance shows price pressure

Over the past eight days, Bitcoin has been unified between the resistance at $ 105,000 and supported at $ 100700. These levels have set an organized trading channel, while maintaining the price tightly. During the day, the procedure shows a developing balance or sponsorship formation, which is characterized by reducing fluctuations and narrowing of price movement.

This market pressure indicates the frequency and balance between buyers and sellers. Historically, these settings often precede severe escape. As the price files towards the top of the flag, it is possible that it will build the momentum for a decisive step. Any outbreak will need to confirm the increase in size and a strong closure outside the applicable range.

Another monitoring factor is a decrease in size through the main exchanges. This reduction enhances the idea that market participants are waiting for a clear directional step.

Historically, low -size mergers near key levels often precede fluctuating. The bullish collapse may require a sudden flow of the size of the purchase side to overcome the resistance. On the contrary, the step of the negative side without strong size may lead to a fake occurrence, and soon return to the range.

Until then, Bitcoin is likely to continue to fluctuate between support and resistance, providing opportunities for domain traders in the short term while the largest movements remain stable.

What can be expected in the next basic procedure

If the current pressure continues, it is possible that the penetration during the three days to the next five. Trading on the weekend may remain silent, but in the early next week it may bring the fluctuations needed to break the range. Unless the price is closed above $ 105,000 or less than 100,700 dollars with confirmation of size, the range is expected to remain intact. Traders should remain patient and alert the signals of the direction as the price approaches the top.