The price action on bitcoin the past 5 days has been wild, or more so it hasn't been wild as we have gotten several doji candles in a row all closing around the 96K price level.
It's like there is a big buyer of support there, but at the same time not much buying above that level as there hasn't been follow through on the upside after holding that 96K area.
I'm not sure when is the last time I saw such price action, all these indecisive candles in a row......
I'll tell you what though - tight ranges lead to a volatile move more often then not. The question always is, which way will it go?
If 96K gets broken then 90K is the next support. If price can pop higher then 100k is highly likely as price will probably test the 104K area resistance.
This price action has been torn on adding more BTC. Feels more like a coin flip.
