Bitcoin price has come in a moment where for more than 2 weeks now is sitting in the area of 610 USD +- 10 USD most of the time. Why has the price stopped moving up or down ? Bitcoin is well known for its instability and being very unstable but now things for me are starting to look different. I was reading bitcoin related news in clear and also deep web but could not find anything that can make the price of Bitcoin go up or down.
Any ideas why the price is stuck for more than 2 weeks now ?
the volume is an important part of the market and it is still pretty high which shows even in this rather stuck price there is still a lot of trades happening and people are accumulating bitcoin.
besides 2 weeks is nothing for an stable price. starting from last year these periods of stability are happening more and more often and they are a lot longer than 2 weeks. and there is always a rise afterwards if nothing bad like another finex hack happens!