Where next for Bitcoin?

So far this week Bitcoin has held a range roughly covered by 35k to 38k. The immediate price action has struggled to break beyond either level. Perhaps if it does, then it will evoke a more extensive move. The current price action is therefore clearly pivotal to the next move whenever that does eventually unfold. The arguments for buying and holding Bitcoin remain as they ever were, but the arguments against it have surely increased in recent weeks. It is surely for that reason; that the lead cryptocurrency is a lot closer to 30k than it is to 60k. Indeed, the risks still appear to be to the downside now, and until something significant or material to that outlook changes, then the argument for holding other alternatives to Bitcoin will not disappear. Personally speaking (and it is just a personal view, not a technical one) I am very wary of it now. Bitcoin is currently trading approximately in the middle of that outlined range, just now at 36,850