Bitcoin Still Stuck At $16,700, Why This Indicator Points To New Trajectory

Bitcoin has seen little to no action in its first two days of 2023; the cryptocurrency is bound for a spike in volatility, but in which direction? After experiencing months of downside pressure, there seems to be no room for further losses.
As of this writing, Bitcoin trades at $16,700 with sideways movement in the last 24 hours. On higher timeframes, BTC’s price records similar price action. Other cryptocurrencies in the top 10 by market capitalization follow this trajectory.Will History