BTC Prices Range
The prices are expected to consolidate and range and as we said in the beginning of the month, this kind of consolidation could continue for the rest of the month and probably for the next month as well. It is likely that we might see action and volatility in the prices only towards the end of the year and even then, it is doubtful whether we will see the action as much as we saw last year when the market was dominated by speculators and we had a lot of day traders trying to push the prices in a single direction. The market is much more regulated now and hence we believe that such high volatility is something that is beyond the scope of the market at this point of time.
Looking ahead to the rest of the day, we do not believe that there would be too much action in the markets for the day, in the absence of any fundamental drivers as we wind down the week and the traders head to the exits for the weekend.