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Is Bitcoin Primed to Initiate a Rally Above $7000 After Weeks of Stability?

Is Bitcoin Primed to Initiate a Rally Above $7,000 After Weeks of Stability?

Throughout the past ten days, the Bitcoin price has remained in a tight range from $6,300 to $6,500, rarely initiating a noticeable movement. The 1-day price chart of Bitcoin, as shown below, demonstrates nearly two weeks of stability in the lower price range of the dominant cryptocurrency, unable to engage in a short-term upside movement to confirm a breakout above a major resistance level.







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