19 July 2021 | ZebPay Trade-Desk
Bitcoin has been range-bound over the past 10 days trading between $31,000 to $32,500. The asset has also not benefited from volumes which is why it is unable to beat its resistance and witness a rally. The next few days remain crucial for Bitcoin as we expect to hear something about the Bitcoin Taproot Upgrade soon.
It’s been several weeks since BTC is consolidating and moving sideways with low volumes and last week the prices were stuck at the support level of $31,000. Technically, BTC is trading in a broad range from $31,000 to 36,500, and Breakouts on either side with good volumes will further decide the trend for the asset.
Key Levels:
| Support 2 | Support 1 | Asset | Resistance 1 | Resistance 2 |
| $28,800 | $31,000 | BTC | $36,500 | $42,500 |
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