BTC has been moving inside a range between 30-41K USD since the 19th of May. 5 weeks without any clear trend - this is a serious psychological challenge for beginners in the financial market, especially for new crypto-traders, who came for quick results.
But this is a common situation for professional traders, for those who have been trading for many years. Professional knows that after long consolidations always comes a huge movement. And all you need is to be prepared for this moment.
BTC now down around 50% from its April peak. And the main question for the crypto community is: "So, is this the bottom or not?" Without any doubt, crypto bulls are here, the support area of $31,000 per BTC has been worked 5 times already.
BTC/USD price chart (D1)