Bitcoin continues to trade within a relatively narrow band on Friday, despite a price slide in recent days.
The cryptocurrency dropped from above $34,000 at the start of the week to below $32,000, remaining within the $30,000 to $36,000 region that it has sat throughout July.
The broader crypto market is largely stable, with no major moves in either direction over the last 24 hours. Ethereum (ether) is down 3 per cent, while Binance Coin is up 1 per cent since Thursday, according to CoinMarketCap’s price index.
Analysts predict a big move could be on its way, pointing to several market indicators that suggest a short term break out within the next couple of days.
In other news, Twitter boss Jack Dorsey has announced a new company aimed at decentralised finance and focussing on bitcoin.
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