Bitcoin still trading broadly sideways this weekend

There can be little doubt that when it comes to the recent price action between Bitcoin and Ethereum, it has been Ether that has been calling the shots most of the time. Since falling back to as low as 25,424 on May 12, Bitcoin has been trading in a broadly sideways range, covered by 28,000 to 31,300. Indeed, the simple moving average of the past 18 days is right now in place at 29,510 which is pretty much right it the middle of that range. The price action seen so far this weekend has been covered by 28,816 to 29,436. Obviously BTC is still keeping a very close eye on all the other markets that surround it and most definitely on Ether. Bitcoin is currently trading at 29,175