Bitcoin’s price action has been somewhat stable recently, as the bulls and bears fight it out for momentum.
The price has mainly been fluctuating between $10k and $11k since dropping from $12,200 at the start of the month.
And as each breakout creates excitement, the selling pressure has been too much, ensuring the price is brought back down.
The last push saw Bitcoin break $11k before getting quickly rejected and a fall back down to $10,300.
The price recovered a bit, before a push up and it has been in the $10,600-$10,900 range since Friday.
But the market is looking undecided even as most traders are bullish long term.
If past indicators are anything to go by, however, there’s one metric that suggests we could be set for a big bull run.