Blue lines- trading range
Bitcoin is trading around $28,300. Short-term trend is neutral as price is mostly moving sideways. Price has made no real progress over the last 10 sessions. Price is trading inside a trading range. Bitcoin is trading close to the upper trading range boundary. Resistance is important at $29,000. Support is found at $26,700 where we find the recent low and the lower trading range boundary. Traders need to remain cautious and patient until price breaks a key level.