Bitcoin steady on $39k as investor waiting fundamental news update
Bitcoin steady on $39k today at time writing price at $39,914.95 rise 0.16%
There has been no major change in the daily timeframe for the price, the price still forms a small candle body.
H1 timeframe, Bitcoin is clearly trending sideways, flat amidst Bollinger band squeeze. It may wait for a momentum breakout.
Prices may still move in a narrow daily range as they wait for fundamental Bitcoin news such as the Bitcoin halving which is expected in April 2024.
When the time comes for the Bitcoin Halving, the miner's reward will be halved to 3.25 BTC, mining competition will become tighter and it is hoped that the price of Bitcoin will rise due to scarcity and increased demand.
Sometimes BTCUSD still moves near the lower band on the daily timeframe and forms small candlesticks in the last three days. If the low of $38569 breaks, perhaps the price will find new support near the 200 MA
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