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Bitcoin Price Near ‘Monster Move’ After Weeks of Range Trading — Analyst

Published 06/14/2020, 10:47 AM
Updated 06/14/2020, 08:00 PM
Bitcoin Price Near ‘Monster Move’ After Weeks of Range Trading — Analyst
BTC/USD
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The price of Bitcoin (BTC) has seen low volatility throughout the past six weeks, hovering in the $9,300 to $9,900 range for most of the time. This has led traders to warn that it is likely to cause a massive price movement in the near-term.

Over the last 12 months Bitcoin has seen two extended ranges. One was in June 2019 and the other in December 2019. In both instances the price of BTC saw a 40% move in the following months.

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