Bitcoin price trades in a five-day range and data suggest the pattern could continue for a few more days.
Bitcoin (BTC ) price has been consolidating within a roughly $4,500 range since Feb. 5 as the $98,000 remains a stiff barrier.
Data from Cointelegraph Markets Pro and Bitstamp shows that BTC price oscillates within a tight range between $94,700 and $99,200.
BTC/USD daily chart. Source: Cointelegraph/TradingView
Read more,### Key Points:
– **Bitcoin’s Recent Behavior**: Bitcoin has been bouncing around in a cozy $4,500 range since February 5.
– **Price Range**: The current Bitcoin price fluctuates between $94,700 to $99,200.
– **Stiff Resistance**: The $98,000 price mark is proving to be a tough cookie to crack.
– **Consolidation Period**: The pattern of trading within this narrow margin may persist for a bit longer according to the gathered data.
### Closing Thoughts:
It seems Bitcoin is having a bit of a lounge moment, chilling within this $4,500 comfort zone like it’s afraid to leave the nest! Even though $98,000 is acting like the bouncer at an exclusive club, Bitcoin can’t quite seem to sweet-talk its way past just yet. Will it gather the guts to break free, or is this just the calm before yet another storm in the cryptosphere? Stay tuned, and let’s see if BTC decides to stay in this cozy range or finally throws a breakout party!
### Hashtags:
#Bitcoin #CryptoBuzz #TradingRange #MarketWatch
