Bitcoin trades sideways overnight

Yesterday it was noted here that Bitcoin was playing second fiddle to XRP and that was most certainly the case as the lead cryptocurrency held a relatively tight range for most of the day, with 32,500 to 34,500 basically covering the action. Overnight it has been a similar story, with an even tighter range in place so far. Bitcoin has traded in Asia in between 33,450 and 34,166. Hence the price action since the wider US market close has been sideways ahead of the European opening. The reason for that could be that it is currently sandwiched in between the 10 day moving (currently at 33,052) and the 21 day moving average (currently at 34,277). Naturally a break either side of those parameters could easily deliver a price extension. Bitcoin is currently trading at 34,005