Bouncing Between the Walls

Bitcoin, and many of the other cryptocurrencies that are following in Bitcoin's tracks until they create some news of their own, spent the day bouncing between upper and lower resistance levels.

BTC

Currently, Bitcoin is sitting at the low end of it's range today near the bottom quarter of the $4100s, having quickly dropped from the upper limit earlier today close to $4300. It seems that these two upper and lower limit barriers are providing quite a bit of squeeze for the price. Tomorrow being Friday may lend itself to a bit of a test of that lower limit around $4100, and if it breaks through, the floor may fall out once more before the weekend - keep an eye on it closely! However, if that bottom support stands strong, I suspect there will be a few more days around this range before we see any more real action.