The Bitcoin price (BTC/USD) has remained stuck to a tight range below the challenging level of $8,000 on Wednesday morning.

The original cryptocurrency had another lacklustre session on Tuesday, trading sideways throughout most of the day. Having opened at $7,977.97, the digital coin struggled to find the necessary momentum to challenge the $8,000 mark in a meaningful way. The coin even dropped to an intraday low of $7,843.34 in the early afternoon trading, but managed to recapture the $7,900 mark rather quickly. During the final hours of the session BTC had a brief spell above $8,000, but eventually finished the day at $7,963.33.

Bitcoin has followed a similar pattern in today’s morning session. Following another unsuccessful attempt at $8,000 in early trading, the Bitcoin price retreated to lower levels, with the $7,900 mark coming under significant pressure. At the time of writing, the coin was hovering around the $7,920 mark, according to data from digital currency tracker Coinmarketcap.

Buyer exhaustion?

Bitcoin has seen…

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