Key points:
Bitcoin refuses to budge from a narrow range as traders consider the likely breakout direction.
Price discovery is keenly awaited, but downside predictions include levels further toward $90,000.
BTC/USD has delivered highly patterned moves since its rebound began in April.
Bitcoin (BTC) kept traders guessing at the May 16 Wall Street open as consolidation sparked both bullish and bearish forecasts.
BTC/USD 1-hour chart. Source: Cointelegraph/TradingView“Significant” liquidity builds around BTC price
Data from Cointelegraph Markets Pro and
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