FX.co ★ Bitcoin remains inside the trading range.

Bitcoin is trading $29,300 just above the lower trading range boundary. Price has made no real progress over the last few days as price continues to trade inside the trading range shown in the 4hour chart.

Blue rectangle- support

Price got rejected once again yesterday when price approached the upper range boundary. Price has pulled back towards the lower range boundary which is support and so far Bitcoin is respecting this support area. Failure to remain above $28,600 will most probably lead price towards $25,000 and maybe lower. If bulls manage to break above $31,300 then we should expect price to jump higher towards $35,000.