Something is brewing, and those with finely tuned noses can smell it. As traders have come to expect, (BTC) is doing “Bitcoin things” by bouncing around between the usual “key” support and resistance levels, and to be honest, it’s all starting to feel a bit boomerish.

Bitcoin’s long-awaited “moon” depended on institutional investor buy-in, breaking the previous all-time high at $19,000, and a set of other firmly held beliefs. Well, all that happened, and the run to $64,900 exceeded many investors’ wildest dreams. However, the whole BTC market is predictable and monotonous if one believes that the most valuable cryptocurrency in the bull market will be around $100,000.