Bitcoin (BTC) price makes a consolidated move in the middle of the week. BTC faces multiple hurdles near the critical $45,000. However, above an average volume as the price creeps higher suggests some retracement in the price will set fresh directional bias.
Bitcoin (BTC) price trades modestly lower on Wednesday.
Expect more gains if the price decisively breaks above the descending trend line.
Investors seek some bargain buying near the consolidation.
The largest cryptocurrency ranked with a 24-hour trading volume of $21,282,060,115, down 12% for the day.
As per the recent update, Bitcoin’s overall liquidity has been squeezed as the overall BTC balance on exchanges drops. BTC liquidity has hit a six-month low analyst looks at it as a bullish catalyst for the cryptocurrency.
Bitcoin attempts to test $48,000
On the daily chart, Bitcoin (BTC) price after rallying nearly 40% from January’s lows finds some strong foothold near the 50-day Simple Moving Average (SMA) at $42,418. The des
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