Bitcoin BTC Update

It appears Bitcoin is continuing to stay range bound, which is great for us. It allows the alts to continue to find strength and gains as people are looking to park their bitcoin somewhere else.

Right now, Bitcoin is respecting the $8800 support and the $9400 resistance. It is forming another triangle that it is respecting very well right now.

The shorts and the longs are still on the lower side, which is why we are seeing a less volatile asset class. There are also massive buy and sell walls on each side of Bitcoin, keeping the price right in the middle.