After reaching a fresh high for the year earlier this month, Bitcoin has market observers questioning whether the momentum is sustainable with prices again trading in a very narrow range.
The largest cryptocurrency has been stuck between $29,500 and $31,500 after a nine-day, 27% surge in June. The back-and-forth filling that followed saw Bitcoin make a failed attempt to break higher, with the token now finding itself at the low-end of the sideways congestion around the $30,000 price level.
