3 reasons why Bitcoin traders anticipate BTC price to briefly sweep the $27.5K level By Cointelegraph

After a spectacular first half of 2023, the price of (BTC) appears to have stalled out, being stuck between $29,000 and $31,500.

There could be reason to believe that in the near term, the price of Bitcoin will tend to trade sideways or to the downside. This thesis can be based on three factors, with two of them involving technical analysis and the third involving fundamentals.