Bitcoin is Trading Sideways: Which Way will it Break?

11/19/2017

Over the past 24 hours, Bitcoin has been trading sideways between $7,850 and $7,650. This is a particularly narrow price channel considering the market volatility we have seen in recent times.

So is this the market strengthening in preparation for a tilt at a new all time high or are we about to see a move to the downside? Maybe we will even see some more time spent in this price range.

Watching closely in anticipation ...

With more cryptocurrency dividends (Bitcoin Diamond and Super Bitcoin) on the way for those with Bitcoin, I believe that it's a good time to be a holder.

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