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Bitcoin still holding 50-52k range for now

Since late last Wednesday Bitcoin has traded in a range broadly covered by 50k to 52k. The lead coin did fall to its lowest level within that range on Saturday, when it based out at 50,525, but it has since rebounded into this week. However, so far that rebound has stalled short of 52k. The range seen so far today has been covered by 51,404 to 51,860, which is pretty tight. Looking at the longer term chart the current overall sideways price action smacks of consolidation, but it could signal something else. For now though the range seems to persist a while longer. Bitcoin is currently trading at 51,515
 

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