Bitcoin’s Price Has Some Technical Challenges to Overcome

The price of BTC has hardly moved over the last 24 hours.

BTC’s price has retraced slightly after reaching a daily high of $16,961.79

Technical indicators suggest that BTC’s price will fall in the next 24 hours.

After setting a daily high at $16,961.79, BTC’s price has retraced slightly over the last 24 hours. Despite the retracement, BTC price is still trading near its 24-hour high. The crypto’s daily low sits at $16,914.19.