Bitcoin Caught in Wide Long-Established Trading Range; Factors & Trends

Bitcoin (BTC) has incurred increased volatility as of late, which was first sparked when it briefly touched $9,400 before surging to highs of $10,800, which is the price at which it faced some levels of resistance.
Analysts are now noting that BTC is still trading within a long-established wide trading range, and that its mid-term trend remains unclear until it breaks through either the upper or lower boundaries of the aforementioned trading range.
Bitcoin Faces Rejection at $10,800 as Bears Fig