Bitcoin Maintains the Range

Bitcoin is holding steady in the mid 50K handle, finding good support at 52.8K and currently stabilizing just under 55.7K. This is midway between the range it has been holding between 52.8K and 59.4K. Anticipate to maintain this range feeling out this current value area before picking up steam again. It seems that many altcoins are ripping and no doubt capital will flow from Bitcoin to these other projects. When Bitcoin catches a lift watch that upper bound at 59.4K which must be broken before we can consider the psychological 60K barrier again.