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Bitcoin consolidates right below Fib level that triggered 2013 all-time highs
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Bitcoin (BTC) continued to track sideways on Nov. 7 amid warnings that now is "not the time" to sell BTC.
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD lingering near $62,000 throughout Sunday.
The pair had continued a flat period over the weekend, as market participants waited for signs of volatility up or down.
While impatience was palpable as the week drew to close, words of caution came from those eyeing longer timeframes and historical price patterns.
"What goes on during a sideways period for BTC like now? Buyers & sellers are exchanging coins with each other. Buyers buy a bit. Sellers sell a bit," Rekt Capital summarized to Twitter followers.
Others eyed the weekly close for signs of bullishness. For fellow popular
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