Bitcoin keeps moving sideways in a tight range as regulatory pressure in the U.S. mounts with two lawsuits against major crypto exchanges. The number one crypto by market cap could yet see crab-like price action, but the bulls could catch a break in the short term, according to an analyst. Related Reading: LDO Leads Top Coins, Registers 6% Gains In One Day As of this writing, Bitcoin (BTC) trades at $26,500 with a 2% profit in the last 24 hours. In the previous week, BTC recorded a 2% loss. In contrast, other cryptocurrencies in the top 10 by market cap recorded similar price action except for Binance Coin (BNB), which recorded a 14% loss over the same period. Positive Outlook For Bitcoin Price? According to analyst Ali Martinez, the price of Bitcoin could see further appreciation. Over the week, the cryptocurrency has retraced but stayed above critical resistance. Despite the unfavorable and uncertain macro conditions and regulatory environment, crypto market investors continue to battle to determine a clear direction. In this context, Martinez stated the following for BTC’s price using th ..
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