At press time, bitcoin is still trading in the $ 6,400 range, and remains unchanged since our last price piece. The sideways movement is continuing for the time being, but $ 100 shorter than where it stood previously.
A few weeks ago, bitcoin was trading at $ 6,500. The price remained there for some time, and many couldn’t put their fingers on what was keeping the price stuck in place for so long. In fact, bitcoin even made a small attempt to reach $ 6,600, which it did, though the price quickly receded back to $ 6,500 without notice, and things went on as normal.