Bitcoin has experienced a trading session with low volatility as the cryptocurrency moves in a tight range. The cryptocurrency is flirting with a critical support zone at around $19,500 which has been able to hold despite last week’s spike in selling pressure.
At the time of writing, the price of Bitcoin (BTC) trades at $19,700 with sideways movement during the last 24 hours and the past week. As the price of Bitcoin stalls, crypto investors seem to be shifting their attention to other cryptocurrencies or waiting to see if these levels will hold.
BTC’s price moving sideways on the 4-hour chart. Source: BTCUSDT Tradingview
Some traders are more daring, expecting Bitcoin to re-test critical support at its multi-year low of around $18,000. As a consequence, the BTC/USDT trading pair saw an uptick in the amount of Open Interest (OI).
As a pseudonym trader
Support the originator by clicking the read the rest link below.
