Bitcoin fell around 9% Friday through till Sunday and the price has bounced back somewhat at the start of the trading week. The market has been consolidating for a while and seems to be lacking any firm direction at the moment. On the hourly chart below the price seems to be stuck between the black resistance (6,983) and the red support (5,750). A strong breakout could be on the cards but who knows when it will occur. Looking closer at the chart now, the price is trading right between the 55 and 200 period moving averages. The RSI has just moved into higher territory but the waves have made a lower high. This is ... (full story)