Bitcoin has been boring for the past couple of days, I'm not sure if this is a good or a bad thing.
As you can see below, there is a strange shape Bitcoin is forming and for now it's respecting the green line support.
I'm expecting some tension in the next few hours and potential high fluctuation.
Looking at the next few days before the weekend, and assuming the green support holds, we may see some bouncing around between green line support and the purple line resistance above
Switching to the 4 hour chart, there is another potential trend/scenario emerging. As you can see below, we may have another support raising showed also in purple.
If this was to be respected, we may see a bouncing around on the upside. If that's the case, we will know before the weekend what kind of direction we are going.
In other news
According to some news, Craig Wright stole Bitcoin from Mt Gox. Last week, a lead maintainer of Monero privacy coin Ricardo Spagni tweeted out court documents suggesting Craig Wright’s affiliation with a Mt. Gox-related Bitcoin wallet known as “1Feex”.
https://cointelegraph.com/news/craig-wright-denies-hacking-mt-gox-says-he-bought-those-bitcoins
