A recent volatility indicator points towards a potential breakout in Bitcoin (CRYPTO:BTC) prices, reminiscent of levels last observed in mid-February.
Amid fluctuating values, Bitcoin's price hovered around $66,000 on April 23, with sellers influencing the market to keep the price action stable.
According to data from Cointelegraph Markets Pro and TradingView, a new trading range has been established since the last weekly close.
Despite being slightly higher than the previous week, the BTC/USD pair has struggled to energise investors— an attempt at a rally reaching $67,200 did not succeed in closing the gap with the CME Group Bitcoin futures, leaving the market waiting for a more definitive move.