Bitcoin Starts New Quarter Trading in $82,000 to $85,000 Range
(1 day ago) · 1 source · Summarized by CryptoBipto
Bitcoin began the new quarter still trading within the $82,000 to $85,000 price range, a band it has occupied for some time. The continued range-bound trading suggests the market has not found a catalyst to break out in either direction.
WHY IT MATTERS
When a cryptocurrency like Bitcoin trades in a narrow price range for an extended period, it is called consolidation. Think of it like a ball sitting in a valley between two hills — it stays put until something gives it enough energy to roll over one side or the other. For people new to crypto, this is a reminder that prices do not always move dramatically. Periods of relative calm are a normal part of how markets behave, and they can last for weeks or even months before a significant move occurs.
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- coindesk.com
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