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Bitcoin trades sideways after strong August; $76,500-$79,500 range

Bitcoin has been quiet in September, trading around $76,500 to $79,500, analysts at Bitifinex said in a note, pointing to the range as support above the true market mean.

BTC

After having a breakout August, bitcoin has been quiet so far in September.

Bitcoin has lingered around $76,500 to $79,500, says analysts with Bitifinex in a note.

That's important, because that range sits above what's referred to as the "true market mean" — a key source of support for bitcoin at…