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