Can someone explain this to me i am curious to know, and if this question already ask please ref me topic to read so i can lock this?
The market is going sideways, actually, i have already said something about it recently, you can go through
this thread, What I think is the market is in a consolidation state, like cooking state and getting ready to shoot up. Plus you are asking why is it so. Because there are long-term traders and day traders, and when the money comes out of BTC into fiat and vice versa, the price changes along with it, Like market will always go like this until day traders are making trade in and out of BTC, the price will go sideways and BTC will take time to adopt bullishness. The real pump will come when there will be a great increase of demand over supply, and this is happening, as MicroStrategy has acquired more BTC and Whales has adopted 20k BTC recently.
which indicates, the market is cooking, once good news or high demand comes into the market the pump will come because BTC always breaks its resistance and support levels, and set new limits, to break each, sentiments and news plays important roles. And overall market sentiments play us and also played by us.