Quote from: adultcrypto on October 06, 2023, 10:13:53 AM

Bitcoin have been in a range for a long time now and it will not continue like that forever. The rise we are seeing now might just be the forces of demand and supply which is entirely market driven. Although we are expecting many developments that will bring in the volatility needed for Bitcoin to rise more rapidly.

I don't see the recent increase as something that will last, it can just be a minor reaction. The direction of Bitcoin will become clearing soon especially when it has moved out of the current range.

I also have an opinion that is almost the same as what you said, because the influence and encouragement of the forces of demand and supply still exist in Bitcoin so that increases and decreases are still occurring at a smaller rate in the price of Bitcoin at this time. Such small reactions may continue to occur if there is nothing new and could lead to more people entering the Bitcoin market which could help the price move past the current price range in Bitcoin.