ADX indicator dropped to extremely low levels pointing to the “dead calm” mode. Bitcoin is being traded inside lower Bollinger bands (9379-10573) testing boundaries of the range approximately once a week.
Locally the coin also resides in a sideways trend inside Bollinger bands (9888-10390 range). Market is in an upward phase, therefore we might see testing of upper border.
On hourly chart bitcoin is unlikely to leave the range of $120 channel 10016-10139 (Bollinger bands). Entirely passive ADX and stable Bollinger bands. Further flat is the forecast.
Flat in the 10016-10139 range.
Short-term trades in the 10016-10139 range.