Bitcoin news: BTC price trades flat as 6-day range compression hints at breakout
Bitcoin trades sideways for sixth day as breakout tension builds
Bitcoin price has now spent six consecutive days inside a tight range between $109,800 and $107,350, extending a broader nine-week consolidation phase that has anchored above the key $100,000 psychological level.
Highlights
-Bitcoin trades near $108,700, showing resilience despite a tight six-day range
-RSI above 50 signals underlying strength supporting potential upside breakout
-Binance short pressure persists, but spot buyers continue to hold key support levels
Today, Wednesday, July 9, BTC trades near $108,700 in the European session, posting a minor 0.2% loss since the Asian hours. This lack of directional momentum continues to frustrate breakout traders, as Bitcoin holds its ground within well-defined boundaries.
