Cryptocurrencies are continuing the range-bound trading. Bitcoin spent the last 7 days between a high of $240 and a low of $208. Similarly, Litecoin formed its own congestion area between $1.66 and $1.94. Peercoin had a wild ride, first rallying over 50 percent to a high of $0.475, then falling 31% to a low of $0.324. But ultimately, despite the large moves PPC is trading undecided at $0.382 per coin.
Bitcoin Range Continues, Volatility Shrinks
The range established last week continues with bitcoin prices stuck between a high of $240 and a low of $208. During the past 7 days BTC/USD traded in an even narrower range between $227 and $211. The decrease in volatility can be easily seen with the ATR (Average True Range) on the chart below.
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