Bitcoin is ready to pick a new direction very soon

In the very near term, bitcoin is like to pick a direction and move that way rather significantly.

After moving up sharply on Friday, the price has been remarkably flat, especially by bitcoin's standards.

Check it out:

(Source: https://twitter.com/ChadReddings/status/1490385197308731394/photo/1)

The bollinger bands have compressed and the price is a coiled spring.

When it picks a direction, it likely moves a couple thousand dollars in that direction.

Hopefully that direction is up.