The recent stability of Bitcoin’s price is surprising. After lateralizing for about three months around the $27,000 mark, it is now lateralizing just above $30,000.
Indeed, the price range within which it is lateralizing now is even more compressed than the previous one.
Bitcoin: previous phase of price lateralization
After the boom in early 2023 that took the price from under $17,000 to over $25,000, the first long phase of lateralization began on 17 March.
In fact, it ended only on 20 June, and during these three-plus months the price around which it fluctuated was $27,000.
With the exception of the first half of June, during this phase the price of BTC never fell below $26,000. At the same time it never rose above $30,000 except just before mid-April.
Thus this first long lateralization phase of the year has seen the price of Bitcoin fluctuate within a fairly compressed range, namely between $26,000 and $30,000 with only two exceptions.
One upward, around mid-April, and
We współpracy z: https://en.cryptonomist.ch/2023/07/13/bitcoin-price-remaining-very-stable/
