n nn nn Following last Fridays drop, bitcoin has found itself coiled, once again, at the bottom of the range it established back in December. With the current market unable to close a new high, the market finds itself in a precarious positionFigure 1 BTC-USD, Daily Candles, Range Support TestThe blue support level shown above illustrates the boundary of the multi-week range bitcoin has been bound by. At the time of this article, the market is testing the support l

Source and More information: Bitcoin Price Analysis Bitcoin Tests Boundary Support as Demand Weakens

Author: CryptScout.com