Bitcoin price, since the recent rally, has been a matter of concern to investors as the sideways movement is not clarifying whether correction is the next move or whether the uptrend will continue.
Bitcoin price is retracing its steps after hitting $35,500 this past week, even as the market awaits a recovery. Even though the investors might be extremely bullish for even a short-term rise, 88% of all BTC HODLers are awaiting a rise to at least the ATH of $67,789. Their conviction is long-term, hence why the network has been noting less than $1 billion worth of selling/realized profits this past week.
BTC/USD 3-day chart Technical Analysis: Bitcoin price micro outlook remains unchanged Bitcoin price noted some minor decline following the release of the US Nonfarm Payrolls report on Friday, but for the most part, the cryptocurrency is staying put. As long as BTC does not fall through the support line at $33,901, the sideways movement could lead to the uptrend being resumed.
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