The action has been few and far between regarding the BTC price over the past few weeks, however excitement is building amongst crypto traders as this trend seems to be coming to an end.
Since mid June, Bitcoin has been trading between roughly $2,400 and $2,800; this is a heavily less volatile period compared to previous months.
Whispers are beginning to grow louder of Bitcoin breaking out of its current triangle, setting a new trend; whether this move will be up or down is currently in question.
For the shorter term investors focus has been directed more towards altcoins, in particular Litecoin, especially after Ethereum's continual downward trend towards the end of June.
Veteran crypto investor WhalePanda has indicated his increased exposure to Bitcoin over altcoins.
It is expected that the upcoming SegWit activation deadline (August 1st) will continue to cause price volatility amongst Bitcoin, yet the direction its value will trend is still currently unknown.
