Boring price squeezing above support
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
For the past nine weeks, Bitcoin has created a boring price squeezing on the support line. There is no sign of the end of this compression. I personally look forward to bitcoin breakouts from either side to end this uncertainty.
A look at the previous bitcoin cycles shows that in the previous cycles bitcoin has corrected as much as 0.146 Fibonacci. This may not happen in this cycle. However, nothing can be predicted until Bitcoin comes out of this boring situation
