Bitcoin Remains Range-Bound At $7,000, Analysts Bearish

On Friday morning, investors and traders across the crypto industry awoke to a pleasant sight, with the majority of crypto assets posting gains, albeit slight. Regardless, many welcomed this move, with optimists expecting for this relatively bullish price action to continue.

“Bitcoin Has A Serious Chance To Reach The Level Of $3,000”

At the time of writing, Bitcoin has situated itself in the low $7,000s, currently posting a 24-hour gain of 1.2% at the price of $7,051.66. The asset is now on track to record its third “winning week” in a row, which may allude to the fact that sentiment in this industry may be starting to shift.

Since Monday, Bitcoin has been range-bound between $6,800 and $7,100, likely due to the declining volatility of crypto assets in general. Additionally, there aren’t any explicit catalysts, whether fundamental or technical-based, that should (or have) propelled Bitcoin over the past weeks, leaving some to mentally place the…