Bitcoin Consolidates

Bitcoin has been ranging in the 30K handle. We have made some meager attempts at rallies over the weekend but each were thwarted quickly. We broke above 34K very briefly, but were quickly smacked down, and a second attempt was again rejected. Broadly, it looks like we are forming a pennant pattern, but it's clear volatility is consolidating, and we are due for a breakout. Bitcoin has had lackluster momentum for quite some time and we are due for a pump or another dump. From above 37K is still a barrier, and from below there is a vacuum one to 31K.