Tough times in the cryptocurrency of late with a lack of volatility leaving active traders on the sidelines as Bitcoin meanders sideways. Range traders with a mildly bullish bias will have been successful of late as Bitcoin is currently showing a wave pattern with slightly higher highs and higher lows being printed over the last 6-8 weeks. The Average True Range (ATR) – a measure of volatility – is at a multi-month low, while BTC is using the 50-day sma as support. To push further higher, Bitcoin needs to post a fresh swing-high above $24,668.
