Bitcoin Price Forecast: Week Starts with Dip, Expect Sideways Movement

The cryptocurrency market experienced a slight downturn at the start of the week, according to CoinStats. Bitcoin (BTC) prices saw a dip of 1.43% in the last 24 hours. U.Today reports that the hourly chart shows BTC rebounding from support around $102,126. If bullish pressure continues, the price is expected to test resistance levels tomorrow. However, buyers have struggled to maintain momentum following yesterday’s bullish bar closure. With most of the ATR passed, there are limited chances of significant price fluctuations. The likely scenario for the near future involves sideways trading between $102,000 and $105,000. Looking ahead, neither side holds dominance, and volume remains low, suggesting a lack of buying or selling enthusiasm. All in all, anticipate limited movement as Bitcoin trades at $104,377. The article can be found on U.Today.