It has a very large trading range but I guess your right its out of the sideways movement and going down again
After doing large amounts of nothing for months, the price of bitcoin has found a new direction at last: Down.
The recent narrative around bitcoin has been roughly zilch, as the cryptocurrency picked up a few new large vendors’ support, but otherwise settled into something approaching a summer malaise. The price of bitcoin, which is correlated to media and public interest, has bounced between around the high $500s and the low $600s for some time. Now, it has dropped to $517 and its downturn isn’t letting up.
For now that is
