Another week has passed and not much is changed. Both Bitcoin and Litecoin and still consolidating.Bitcoin is currently quoted at $228.49 dollars, just 41 cents below the price noted in last week’s article. You can see the effect of bitcoin’s consolidation across the crypto-market. For example Litecoin is trading at $2.82, about 4 cents higher, just 1.4 in percentage terms.
Bitcoin Still Range-bound
While BTC is pushing on the lower bounds and making new lows, it has yet to make a decisive breakdown. In the past seven days, the total range has been only $10 dollars and 59 cents, with a high at $234.59 and a low at $224. Today we hit new multi-day lows at $224 but this was quickly followed by a sharp rally to $230.48.
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