Bid-Ask Spread Tightens-Here What it Means for the BTC Price Rally

Bitcoin price has surged significantly throughout the past week and closed the weekly trade on a bullish note. Moreover, the levels marked the local highs above $110,500, which flashed the possibility of marking a new ATH above $112,000. Unfortunately, the bulls experienced exhaustion, causing the token to drop back below $108,000. With the second attempt failing, market participants now seem uncertain about the next price move as they wait for the price to break above the range before jumping in. 

Bid-Ask Spread Tightens

The current price movement of…