Bitcoin's price has not moved an inch in the past two days.
Bitcoin has not made any decisive moves in days as the asset remains stuck below $17,000. This is expected to an extent today, given the unusually low trading volumes.Bitcoin Flat Below $17K
The past two weeks were highly different from one another. The previous one saw massive turbulence propelled by the collapse of once the third-largest cryptocurrency exchange FTX. Bitcoin reacted with a quick nosedive from over $21,000 to a two-year low of under $16,000. The rollercoaster continued in the following few days, with BTC pumping above $18,000 before it dumped back down to $17,000.in terms of price action. The cryptocurrency has mostly traded around that $17,000 line, with a few unsuccessful attempts to overcome it. The last such occasion came on Friday, but the bears stopped bitcoin in its tracks.
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