© Reuters.

Bitcoin’s price is trading in a frustratingly tight range between $25,500 and $26,500, leaving traders unsure of the next direction that the asset could take.

However, Charles Edwards, founder of Capriole Investments, believes that Bitcoin’s (BTC) current price presents a low-risk long-term buying opportunity. Edwards’ view is based on Bitcoin’s production cost and energy value.

price chart with energy value indicator. Source: TradingView
Bitcoin futures liquidation heatmap. Source: CoinGlass
Bitcoin support and resistance levels. Source: Jarvis Labs