Bitcoin Price Triangle Breakout Brewing, Investors Sense ‘Big Move’. bitcoin up steem up

Bitcoin’s price is about to split out in what analysts presume will be a “big move.”

Confusion among the cryptocurrency’s online traders is producing on Monday, as weeks of relatively smooth price action look to end soon.

Bitcoin has been trading on average between $2,400 and $2,800 since June 16, a considerably less volatile period to that which preceded it, according to data from Coinmarketcap.

Now, however, talk is growing of the virtual currency breaking out of its current triangle to set a new trend - up or down.

Short-term investors have been largely focused on altcoins such as Litecoin in recent weeks, with Ethereum having dropped and remained below $300 due to a turbulent bout of volatility at the end of June.

The tips are once again swinging to focus on Bitcoin, with even veterans such as WhalePanda hinting increased exposure to it over altcoins.