By Damanick Dantes
Bitcoin (BTC) continues to struggle within a choppy trading range between $37,000 and $45,000. The cryptocurrency is roughly flat over the past week, although the loss of upside momentum could keep sellers active over the short-term.
The downward sloping 100-day moving average, currently at $43,300, has weighed on price action over the past few months. That indicates a downtrend, evidenced by a series of lower price highs since November.
While the downtrend has stabilized within a tight trading range, a lower price high from March 2 indicates limited upside beyond $46,000.