Bitcoin Maintains the Range

Bitcoin is continuing the narrow range we have identified over a week ago. We are bounded between 28.8K and 31.0K, hovering somewhere in between, just below 30K at the time of this writing. The crypto market got slammed earlier this month, with a selloff on the 11th and 12th bringing us down to an eye-watering 25K. We anticipate further support here should the market selloff further, which is a distinct possibility due to the fact that we are seeing very little buying interest and thin liquidity. We still consider these levels 'bargain' prices in the long term but the markets may not pick up until we test even lower levels.