Bitcoin still treading water

The price action over the past 4-5 hours in Bitcoin has been really rather inconclusive. Essentially it has gone nowhere since the European markets reopened. It tried to push towards 43k and it also tried to push back above 44k and for the past hour or more it has been hovering in between the two. Its seems many players are rather uncertain as to what to do next. There seems to be a lingering fear of taking this one higher at the moment in case any rally meets with a large player waiting for the opportunity to off load at better levels. At the same time there seems little panic, or fresh reason for that. In truth the reaction to the Chinese news was not at all drastic, which is a little surprising given its potential longer term ramifications. Now of course China and Chinese investors are not the only people holding this and other coins, but at the same time, if those players do really decide to cash in across the board, it is also arguable how they might do so if all transactions (including selling one presumes) are banned. We shall just have to wait and see on that issue perhaps. Meantime Bitcoin is currently trading at 43,550