Bitcoin (BTC) has experienced a period of relative stability in recent days, with its price primarily trading within a tight range around the $37,000 mark. While there have been some brief instances of price volatility, including small pumps and dumps, the overall trend has been one of calmness.
It’s been a week since Bitcoin last touched the $34,500 support level, but the bulls were able to regain control of the market and push the price higher. On Thursday, Bitcoin surged to $38,000, representing a significant gain from its previous low. The sudden upswing caught many by surprise, as it seemed to come out of nowhere.
It’s possible that investors are taking a wait-and-see approach ahead of key events like the upcoming halving, which could impact the cryptocurrency’s supply and demand dynamics
