Brief overview on the price of Bitcoin via a daily chart - congestion for now but are we approaching a directional move?
After a decent bounce at 560 and 600 (which are respectively 62% and 50% of fibonacci's levels) price seems to have entered a period of low volatility which has lasted for almost a month now and started on a trading range between 700/600 which during the second part of July got tighter to 680/640.
Summer months are usually quiet and possibly the same logic can be applied to cryptos, said so periods of low volatility and range are often followed by directional moves; as volume starts creeping in monitoring breakouts to the upside of 700 or the downside of 600 would give good hints to where its heading next.
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