Bitcoin price stuck at $70,000, potential manipulation, breakout expected.

From Investing.com: 2024-06-07 12:30:23

Bitcoin’s price has remained around $70,000 since mid-May, with minimal movement in a 6% range, frustrating traders. Allegations of price manipulation have surfaced, with Adam Back noting potential cash-needy sellers suppressing prices by selling their Bitcoin holdings. Many suspect influence from institutions and trading platforms, but hope remains for a breakout once seller influence wanes.

Read more at Investing.com: Bitcoin’s Big Breakout Coming Soon? Satoshi’s Ally Predicts When By U.Today