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Narrowing trading range for Bitcoin
Bitcoin’s trading range is narrowing as speculators seek positions on the right side of a potential break-out.
Optimists are crowding into trades when it’s crossing above $10,000, while pessimists are looking to exit when it approaches $12,000, according to an analysis of Bitstamp’s volume-weighted prices over the past month. [Bloomberg]
Bitcoin’s trading range is narrowing as speculators seek positions on the right side of a potential break-out.
Optimists are crowding into trades when it’s crossing above $10,000, while pessimists are looking to exit when it approaches $12,000, according to an analysis of Bitstamp’s volume-weighted prices over the past month. [Bloomberg]
