Bitcoin's price has been stuck in a period of sideways trading, resulting in reduced volatility. According to analysts, this stalemate could be broken by the upcoming inflation report on Wednesday.
This ongoing trend has seen ETF inflows offset selling, maintaining the current price level. Analysts, as reported by CoinDesk, are waiting for a catalyst to spark a move in the price of Bitcoin.
The lack of significant price movement has left traders and investors waiting for the next potential catalyst.