and is on track to end the month with a loss of more than 3%. The biggest question troubling traders is when will Bitcoin’s range break and in which direction.Typically, the longer the time spent inside the range, the greater the force needed for the breakout. Once the price escapes the range, the next trending move is likely to be strong. The only problem is that it is difficult to predict the direction of the breakout with certainty.
The up-move is likely to face strong selling at 4,650. If the price turns down from this level but rebounds off the 20-day exponential moving average , it will suggest that the uptrend remains intact.
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