Bitcoin Range Bound and I Like It! Here is why...

Bitcoin has basically been bouncing between the 6,800 and 6,200 area for the month of September and to be honest I'm hoping it does the same for the month of October!

Consolidation before end of year rally???

Here's the thing. Most are aware that crypto has rallied at the end of the year the past three years.

However, what I notice is how those rallies started in late October to November while price was basically sideways September into October. Granted we were a little higher or lower given the year, but basically nothing to noteworthy happened before ripping the final two months of the year.

There is no guarantee that we will rally at the end of this year, but I am more than happy to see it setup the same as the years before, thus setting the stage for it.

Fill in the rest of the chart!

I'd be delighted to see price chop between the two levels draw until the end of the chart above. The wait to see if the late year fireworks start!

Need to learn the basics about bitcoin, the blockchain and wallets?

Free e-book: ScaredyCatGuide to Knowing What the Heck Bitcoin Is

Disclaimer: All info in this post is my opinion and for informational purposes only