Bullish trend
Traders are waiting for the next catalyst to break Bitcoin from a $30,000 to $40,000 range that’s been in place since a decline from a record of almost $65,000 in April. Public criticism of the digital currency’s energy needs by tycoon Elon Musk and a Chinese regulatory crackdown are among obstacles. Bulls got a bit of a lift Wednesday after El Salvador made Bitcoin legal tender.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.