This Indicator Signals Bitcoin’s Boring Price Action Will Come to a Violent End

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Bitcoin has continued extending its unprecedented bout of sideways trading as it hovers around $9,100 The crypto has done little to offer investors with insights into its mid-term outlook Bouts of sideways trading this defined and prolonged have only occurred on a few occasions throughout the crypto’s decade-long history Each occasion has ultimately resulted in the crypto posting a massive trend-defining movement Bitcoin has been finding an unusual amount of stability around $9,100. The crypto has been trading around this level throughout the past several days and weeks, struggling to gain any decisive momentum. The cryptocurrency’s consolidation phase has been narrowing throughout the past few months, as it was previously trading between $9,000 and $10,000. Its current range is much smaller than this, existing between roughly $9,000 and $9,300. Each attempt to break above or below these boundaries has been fleeting. Analysts are now noting that the crypto will likely…

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