Bittrex
In the macro point of view Bitcoin is still trading side ways but right now it is just trying to push up to break the resistance of 11.7K dollars per Bitcoin. It is still a bullish move and the trading sideways for a long time is just indicative of that scenario. It is not so easy it seems to push higher because of the price of BTC at the moment where only a few people now are able to buy a whole BTC, they can just buy a small fraction of it nowadays because of a very high and yet still relatively cheap price of BTC.
But these prices of crypto in general would not be cheap for long, at least for BTC because of its finite supply and high demand. The price of Bitcoin had gone up because of its ever dwindling supply because of its special feature when it is mined by powerful BTC mining machines all over the world where the rewards are cut in half and that factor alone makes every BTC valuable.
Wealthy individuals also are saving their money or at least some of it in BTC because they already are learning or learned the potential of BTC to make their funds to flourish faster compared to putting it in the bank and collecting small interest per quarter. While in BTC not only their money collects value but also it is protected from inflation rates where a money's worth is diminished year by year, meaning that you have to pay more for the same products or services today or the future compared to last year's price of those products and services.
So the future is bright for crypto investors right now because even though it seems that BTC's price climb is slow but it is not really, it will eventually get to the point where it should be in the future because of the factors surrounding its price appreciation. BTC just gives us freedom to safely hold our assets and use it without anyone intervening or getting a cut plus being safe from any bank freezing funds from any reason whatsoever.
One good thing about having Bitcoin is that you can use it for your retirement years because definitely BTC's value will be way up after five or ten years from now. I might not make it myself to last that long to see that from ever happening but for normal people your retirement years will definitely get better rather than living off from social security benefits.
Disclaimer:
All the statements here are from the author's own opinions only and not necessarily facts to use for your own financial decisions. Please do your own research and educate yourself before venturing in a high volatility nature of cryptocurrencies like bitcoin.