Bitcoin Stalls Below $83,000 as Equities Rise
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Bitcoin remained in a narrow trading range as sell orders at $83,000 capped gains while equities rose and US bond yields turned higher.
Bitcoin struggled to advance as selling pressure around $83,000 limited its price movement, leaving the cryptocurrency in a tight trading range.
The resistance came as equities moved higher. Bitcoin did not follow the improvement in stocks, with the concentration of sell orders keeping gains in check.
US bond yields also reversed upward during the period. The report highlighted $83,000 as the immediate barrier to a stronger move in Bitcoin.
Source: Cointelegraph
