Bitcoin’s Struggle for Stability Amidst Declining Trading Activity

Despite efforts to stay above the $90,000 mark, Bitcoin’s (BTC) trading activity has significantly decreased in late November. The decline has brought a shadow of uncertainty over its ability to maintain this crucial benchmark amidst reduced investor participation and holiday-related market slowdown. While Friday’s market open saw attempts to surpass this resistance, BTC ultimately fell short. Reduced trading volume likely contributed to the observed sideways movements. 2023 has seen Bitcoin struggle to regain momentum after a period of significant volatility in early 2023.