Bitcoin is frozen
Bitcoin has shaken out the HODLers this year and the traders will be next if volatility continues to remain on the floor.
Bitcoin traded in a 1% range yesterday and has moved less than 3% low-to-high in the past six days.
The daily chart:
Last October the moves exceeded 3% nearly every day with several exceeding 10%. It's been much of the same thing this year on the way down.
Ultimately, it just can't stay here. There will be some development that triggers a flood of interest and buying/selling. A quiet market acts like a spring that's coiling tighter. Expect to see a +30% move before long.
