Why BTC is Not moving from 61k range?
Well The most Convincing reasons I can find are mentioned below
BTC is likely staying in the $61k to $62k range due to market uncertainty, regulatory concerns, technical resistance, potential market manipulation, profit-taking, and global economic conditions.
1. Market Sentiment: Uncertainty and lack of strong positive sentiment.
2. Regulatory Concerns: Ongoing regulatory developments and crackdowns.
3. Technical Resistance: Strong resistance at $61k to $62k.
4. Market Manipulation: Potential manipulation keeping the price range-bound.
5. Profit-taking: Traders selling to take profits.
6. Global Economic Conditions: Impact of macro-economic factors.
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