The stable price action is driving people crazy, including me.

[AICoin_Official]

From 9:00 AM to 3:00 PM, BTC price changes by 1%, it's really driving me crazy.

See the analysis by Kuang Ren here:

Price shows weak strength for another uptrend and lacks momentum to pull price down after being stopped by the support at $10,300, indicating that BTC will move between $10,300 and $11,000.

Both bulls and bears are waiting for the motivation as price remains extremely stable. But the continuous consolidation pattern at current level is good for the upcoming upward move against several strong resistances.

The price action after uptrend will decide whether BTC will retest the bottom or not.

Original by Kuang Ren, translated by AICoin Jami.

[Proton2233]

Great volatility is a gift for traders. But you always need to be prepared for stability. Whales invest a lot of money to destabilize the market. This is a very risky operation. As bitcoin grows in popularity, it will be harder to do so. Perhaps in the future, bitcoin will be easier to earn by doing practical work.

[gentlemand]

Then this action is the ideal scenario for deep pockets to relieve the impatient of their coins. And it's not that stable. It can easily shed 15% in a day still which in a conventional market would cause heads to explode.

[dothebeats]

Not me, because I only think that whenever there's quietness in the market, a storm would soon follow. Take for example the dormant price action in 2014-2015 then it suddenly blew up in 2016 up to 2017. Whenever the market is quiet, smart money are also quietly accumulating without trying to release some signals that something's up. Also, the trend seem to also favor the bulls seeing that short selloffs yesterday didn't make much difference in the price and no major support levels are affected, so it's safe to say that the quietness is a great thing.

[gentlemand]

Not me, because I only think that whenever there's quietness in the market, a storm would soon follow. Take for example the dormant price action in 2014-2015 then it suddenly blew up in 2016 up to 2017.

But I heard the phrase 'this is the calm before the storm' for month after month followed by more nothing.

Indeed it was eventually but I don't think the previous deadness had much to do with anything. Accumulation wasn't really happening en masse. At that point no one gave a shit any more. If someone was accumulating with a vengeance they would've wound up with every bitcoin in the universe.

[alyssa85]

From 9:00 AM to 3:00 PM, BTC price changes by 1%, it's really driving me crazy.

Maybe chill and stop watching the price all the time? Until there is some big news, bitcoin won't move much either way. So take a few days off and recharge your batteries. 

[Jet Cash]

They are letting people pay off their credit card debts ready to suck more money out of them during the next rocket rise.

[RamonBTC]

I happen to be one of those who doesn’t care about the standing of the price at this stage, we’ve seen the worst and experience it months or few weeks ago. I’ll be happy at this price if I were you as this stability only show that investors is just chilling out and waiting for something good to put every pennies they have. I look at it as a sign for a momentum than a depressing dip.

[fabiorem]

What is driving me crazy is KYC and regulations, and not the price.

Those who only care about the price are with a very short sight of the situation.

https://news.bitcoin.com/russia-bitcoin-financial-asset-qualified-investors/

Just because they proposed it first in Russia, months ago, doesnt mean it cant happen anywhere.

KYC is just the begginning of a nightmare that I seriously hope its only on my mind.

We need decentralized exchanges more now than ever.

[YuginKadoya]

I really think it is as smooth as it is, Well the government want a stable kind of currency then there they have it, Bitcoin is not moving so violently and now it is calmly sailing at sea, Well as there are still some that wants a stable currency many investors really want a fluctuating one because they have invest their money on bitcoin expecting to have a profit by increasing its value, Well we can not be sure on what kind of movement bitcoin going to do this time of year.

[warrior333]

The stability of bitcoin annoys traders. But on the other hand, it can attract sellers to the use of cryptocurrencies in online stores. It will be easier for them to get used to bitcoins. Any version of bitcoin's behavior will always find its supporters. This and the quality of bitcoin is different from Fiat.

[bitbunnny]

If you are a passionate or professional trader it's natural that this so called stability is driving you crazy. Traders live from volatility. But for this periods you have to have some kind of strategy how to survive and be prepared for the period when price begins to change more significantly.
And some statements here that governments have arranged stable Bitcoin price is realy stupid to say.

[dewi91]

this condition is better than bitcoin price goes down more than 50% like before because when the price down is really make me crazy. not easy to recover the market, need time and we should be patience, keep optimist if bitcoin will reach a new high record.

[nightmanisrightman]

They are letting people pay off their credit card debts ready to suck more money out of them during the next rocket rise.

I was under the impression most big banks have now come about and banned buying cryptocurrencies on credit cards? I mean they should have a long time ago, but I doubt they are doing it now to "protect investors" rather it is to protect themselves and their best interests. Shady gonna shady .

[sweeesh]

     I saw a youtube video once where the guy explained it like a stretching rubberband.  In the begining the rubber band is loose and it can easily move up down and all around.  As you start to pull it it stretches and evens out to a stable level.  As it keeps getting stretched the stability becomes more and more narrow.  Then bam big volume either way, the rubber band breaks, and the once stable price is forced to move.

     Also the longer we stay at this price level the more 10k and above support we are accumulating.  Idk whats better, cheap BTC to buy, or expensive BTC to hold.  I guess it depends on where you are in the journey.  I truely believe in crypto so when i see the price drop hard I just try to gather my spare fiat to fill up my bags.  

[HabBear]

Stability is exactly what we need right now. When the market was running up the pundits were screaming "BUBBLE!", when the market collapsed the pundits were screaming "TOLD YOU IT'S A FAD!". Stability through this entire year proves that Bitcoin is not a fad and allows new entrants to join the ranks, building a base of support for the next run. We're at a critical moment where Bitcoin needs to prove that it is here to stay, that it has utility.

[KwizatzHaderach]

A stable price action is better for Bitcoin in the long run. Much of the hype was fueled by the forks that happened last year with people all wanting free airdrops.
Collect more BTC on these times of stability.

[NeuroticFish]

From 9:00 AM to 3:00 PM, BTC price changes by 1%, it's really driving me crazy.

This is the difference between speculators, which don't care at all of the coins, only the market should fluctuate, doesn't even matter if up or down, and the holders.
For the coins I have, as long as they don't fall, I am more than happy. When their time will come, they'll rise. It's an approach much safer for my nerves, you should try it when you have this rare kind of days Of course for this you will have to be more careful what coins you speculate on.

And the more important thing I want to tell is that sooner or later Bitcoin, then the alts' markets will become much more stable. I think that's something to prepare to, at least mentally.

[batang_bitcoin]

Maybe chill and stop watching the price all the time? Until there is some big news, bitcoin won't move much either way. So take a few days off and recharge your batteries. 

I have to agree on this one, everyone has been watching the price from time to time including me. I don't do too much technical analysis and I love reading others TA about the current market.

A stable price action is better for Bitcoin in the long run.

It's better for us who are long term holders in the long run. 

[pooya87]

this reminded me of 2015 for some reason.
back then price was at the bottom after a big drop and a lot of panic and FUD was at its peak. price was round $220 and was stuck there for a long time which seemed like eternity without moving at all. people were saying the same things too, such as it is weak, it will fall, others were saying it will rise,... and meanwhile smart money was accumulating bitcoin before the breakout started.