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Bitcoin (BTC): Is Range-Bound Movement a Sign of Bullish Exhaustion?

Bitcoin's price action remained stuck between the $40.5k lower range and $44.5k upper range, as buyers and sellers tussled for the kingcoin's next price trend.

Bitcoin’s rapid price blitz in Q4 2023 seems to have slowed, as 2023 wraps up. The king coin has found its price action stuck between $40.5k and $44.5k. While this might be a fairly large range, the price action at low and high ranges gives credence to these levels as significant price zones for buyers and sellers.

Despite the range-bound price action, BTC maintained its market dominance with a 49.8% share of the total cryptocurrency market cap.

Who will prevail in the short term? Buyers or sellers?

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