Bitcoin Capped Below $40K Resistance; Support at $35K

Bitcoin Capped Below K Resistance; Support at K
Bitcoin (BTC) buyers and sellers are at a stalemate, evidenced by low trading volume and muted price action over the past few days.The cryptocurrency is trading in a tight range between $35,000 support and $38,000-$40,000 resistance. Most technical indicators are neutral, which means BTC could remain in a narrow price range going into the Asia trading day.At press time the bitcoin price was $36,506, down 3% over the past 24 hours, based on CoinDesk pricing.Buyers have consistently lost ground to sellers given the persistent downtrend since November. Based on the overwhelming selling pressure, the downward-sloping 100-day moving average on the…