The past couple months we have seen price action from bitcoin like we haven't seen in many years. The action is the lack thereof. Price has been stuck in a range muting volatility, thus chances of price appreciation (and depreciation for that matter).
Set the Alarm!
Looking at the chart you can see several trendlines. The important ones are around 10,400 and 8,400. Those are the levels that will need to be breached for price to become bullish or bearish.
Obviously the upside is preferred, but for those that are hoping to buy in at lower prices, that would be the opportunity.
For now, we continue to wait.