Bitcoin price at $81,993 and a third narrow daily range in a row: will the $81,481 level hold?

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Bitcoin stands at $81,993 on Tuesday morning, wedged between the 50-day line at $81,481 and the 20-day line at $83,242. Three daily ranges in a row came in below the 90-day median, and 3,624 Bitcoin in options expire at 8am UTC.Bitcoin trades at $81,993 on Tuesday morning, or €73,013 (Kraken, 6.55am). That puts the price $512 above the 50-day moving average at $81,481 and $1,249 below the 20-day average at $83,242. Between those two lines the market has been moving in ever tighter ranges for three trading days. That is the state of play this morning, and the question of whether $81,481 holds hangs on it. The figures behind this can be checked. We pulled the daily candles of the past 721 days from the public market interface of the exchange Kraken and calculated each day's range as the distance between the daily high and low relative to the close. Where the price may stand over a horizon of months is covered on our page on the outlook for Bitcoin. The price on Tuesday morning: $8...