Bitcoin's been trading in a relatively tight range in the past week. No major moves to report since there has been a bit of selling from the $340's. All's quiet on the Western front.
The graph above shows the 24-hour Bitcoin volatility index from BitMEX in the past four weeks. Note how it began rising when we had the bull-run, peaked when we broke $500, and now we've been slowly returning to a fairly low volatility environment.
The chart below shows the price from Bitfinex over the past week. Fairly tight for Bitcoin standards, it's been a pretty choppy ride if you don't like scalping:
The weekend has been uneventful. Bulls are happy that support is holding and bears are happy because there hasn't been any meaningful moves upward. Volatility is low, price has stable, and traders are frustrated.
It's anyone's game from here.
