Bitcoin Price Pinned Below $8,200 as Bulls and Bears Fight for Control By Cointelegraph

© Reuters. Bitcoin Price Pinned Below $8,200 as Bulls and Bears Fight for Control

As the weekly close approaches remains pinned in the $8,300 to $7,800 range. For the past few days, the digital asset has made lower daily highs and it no longer rides along the 20-MA of the Bollinger Band indicator on the 4-hour chart.

Basically, Bitcoin is losing steam and now struggles to pierce $8,200 as trading volume dries up and the Bollinger Bands tighten. All of this suggests a move is imminent.

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