Dare I say, bitcoin has become boring again?

Bitcoin has been range bound for several weeks now and I don't see that changing anytime soon.

After falling significantly about a week ago, the price has slowly mounted a comeback.

And when I say slowly, I mean slowly.

Especially in bitcoin terms.

Now, bitcoin finds itself in a trading range, with a high of around $11k and a low around $10k, and this includes the large drop from last week:

(Source:

https://twitter.com/BTradingweek/status/1313256283471044609/photo/1

- BTradingweek

There wasn't enough downward momentum to break through to the downside and there hasn't been enough momentum (yet) to push us back over $11k on the upside.

Without a major catalyst any time soon, that may be our range for a while here.

There is possibility of more stimulus in the US that could break out of its current trading range, or some sort of election surprise that breaks it to the downside, but other than that, we are just churning.

The neat thing is that this churning is happening at higher and higher prices.

It's building a base before the next launch into outer space.