Bitcoin prices have been suffering from a distinct malaise lately, trading within a reasonably defined range for several weeks.
Since late May, the digital currency has been stuck mostly between $30,000 and $42,000, CoinDesk figures show.
In spite of this, some market observers have claimed that the digital currency is not only poised to break free of its current range, but could experience some serious upside while doing so.
[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]
Oliver von Landsberg-Sadie, the CEO of payments company BCB Group, spoke to this recently.
“All the on-chain analysis suggests we’re at the tight end of a slingshot,” he told CoinDesk.
“It’s quiet now but don’t mistake that for lack of interest.”
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