The data on Bitcoin price movement shows that it has been struggling. Bitcoin has infrequently gone down to the $18K price in the past three weeks. It mostly maintained the $19K price level in the past week. It reclaimed the $20K mark on Tuesday last week but returned to its key level. As of Friday, it was trading at a price just above $19K. Related Reading: Glassnode Report Shows Bitcoin And Ethereum Derivatives Gain Massive Traction Although the price of Bitcoin has been low, its price movements have been quite steady. The same cannot be said about the majority of other digital assets. The broader crypto market remains uncertain even as investors battle with increasing inflation. Tighter monetary policy by the Federal Reserve and geopolitical crises are other areas of concern for many investors. Detail On BTC Price In the last 30 days, the largest cryptocurrency has remained around the $20K price level. According to experts, this might not be the end of the crash in its price. A report revealed that a price movement warning indicator, Bollinger bandwidth, has gone to its narrowest point. Experts compared the present data from the bandwidth to that of 2020 to discover a 5-time narrowed movement. Only 1 time, out of the 5, a surge was recorded was its all-time high of $69K in October last year. The remaining 4 times revealed that BTC has dipped by about 16% in the past 20 days. A swing can probably occur from the present posit...
