Bitcoin has held in the upper band of the pattern now for about a month.Still not seeing the volume I would have liked to on this move from 6400 area in December 2019 to present.Perhaps on the bullish side for higher prices some might conclude also a lack of sellers.To be honest I'm shocked we didn't see a huge move higher with the onset of the coronavirus.It seems traders have become increasingly attentive to launch of a virtual currency from the likes of China let's say for example.
For now it looks like Bitcoin is range bound from the December 2019 lows the 6400 area to the July 2019 high just over 13k.Volume has picked up since the December lows but we need to see much higher volume come in to sustain any move toward the upper end of the range.Buyer beware between the 10k-11k area.BOL to all.