Bitcoin Price Triangle Breakout Imminent, Investors Sense ‘Big Move’

Bitcoin’s price is about to break out in what commentators expect will be a “big move.”

Excitement among the cryptocurrency’s online traders is building Monday, as weeks of comparatively flat price action look to end soon.

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Crypto Divinator @CryptoHelvetia
$BTC forming new triangle... watching the market closely, a big move is about to come#bitcoin #altcoin #fintech #thefutureishere
7:39 AM - 10 Jul 2017
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Bitcoin has been trading on average between $2,400 and $2,800 since June 16, a considerably less volatile period to that which preceded it, according to data from Coinmarketcap.

Now, however, talk is growing of the virtual currency breaking out of its current triangle to set a new trend - up or down.

7 Jul
Anbessa @Anbessa100
Chill. Doesn't look bad at all for alts! I would be skeptical (shortterm) if the green support line breaks for the first time. pic.twitter.com/kGXkSELlCT
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Anbessa @Anbessa100
$BTC Too much FUD on twitter. I would only react if support breaks. In here for the long haul, so even a dip would be a gift! ;) pic.twitter.com/cAEA1OEgw7
7:45 AM - 8 Jul 2017
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Short-term investors have been largely focused on altcoins such as Litecoin in recent weeks, with Ethereum having dropped and remained below $300 due to a turbulent bout of volatility at the end of June.

The tips are once again swinging to focus on Bitcoin, with even veterans such as WhalePanda hinting increased exposure to it over altcoins.