Weekend dip??
It's gone below $2500 and I was hoping for a stable price this week. Perhaps a few traders are panicking that we might get a repeat of last weekend. Hopefully it will soon return to prices above $2500.
Hoping is not realistic.
there is way too much ongoing trade volume in order to hope for prices to stay in such a small range for such an extended period of time, like you were suggesting.. and seemingly continuing to do so.
Maybe our current trading range is somewhere in the $2,350 to $2,700 price territory-ish? So, it is a bit too early to get excited while the price is moving around in that range.
Yeah, we are migrating towards the lower end of the range, but it seems quite a bit too early to start panicking, yet.