Why Is Bitcoin Price Not Moving?

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Bitcoin price is flatlining within a narrowing range amid increasing economic uncertainty and trade wars, resulting in weakening demand for risk assets such as BTC.

Bitcoin price has been consolidating within a roughly $5,500 range since March 9 as the $84,000 level represents stiff overhead resistance.

Trump’s trade war tensions causing uncertainty in the market.

Weakening demand for Bitcoin and neutral funding rates.

BTC price remains pinned below the 200-day SMA.


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