CIpher2k

BTC still in consolidation

BITFINEX:BTCUSD   Bitcoin / Dollar
277 0 5
With volumes being still so low BTC             will not make any big jumps (in neither direction) in the next days, I think.

A lot of people are hoping BTC             to go for 7.5K - 8.5k. But the decreasing volume also on the seller side shows that this might not happen at all.

Remember: BTC             never does what everyone is expecting. Mostly it does the opposite. If you read the social media about BTC             then there is 50% of people who expect a big break out to new ATH             soon, and 50% of people who expect a lower dip to 7.5k. Meanwhile, what is BTC             doing? It consolidates around 10-11k with occasional swings up or down.
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