Why is Bitcoin price stuck? By Cointelegraph

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© Reuters.

The price of (BTC) is fluctuating inside a narrow trading range for several days, and Aug. 2 is no different.

Bitcoinprice fell nearly 1% to around $29,500 on the day. Still, the move downside was part of a flat market trend that started a week ago, wherein the price has traded inside the $28,850-29,660 range.

four-hour price chart. Source: TradingView
Net flow into crypto funds by asset. Source: CoinShares
BTC/USD daily price chart. Source: TradingView