Here’s how pros safely trade Bitcoin while it range trades near $40K

Investors tend to define the market as either bullish or bearish, but sometimes the price can remain within a specific range for an extended period.

This type of sideways movement is not necessarily stable because cryptocurrency markets have high volatility that stems from a range of uncertainties and the early adoption cycle.

price at Coinbase in USD, Jan. 2021. Source: TradingView
Bitcoin price at Coinbase in USD, Aug. 2020. Source: TradingView
Bitcoin price at Coinbase in USD, current. Source: TradingView
Deribit position builder profit & loss simulator. Source: Deribit