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CryptoWatch: Bitcoin struggles for direction as traders pine for breakout

Bitcoin prices continue their slow starting to the week, trading mostly unchanged Tuesday.

In early Tuesday trading, a single bitcoin BTCUSD, -0.01% was last going for $6,549.20, down 0.1% since Monday at 5 p.m. Eastern Time on the Kraken crypto exchange.

The world’s largest digital currency has not traded outside the $6,500 to $6,600 range this week. “Bitcoin price is consolidating on the back of low volume,” wrote Naeem Aslam, chief market analyst at Think Markets U.K., evident by futures volumes, which slumped to their lowest levels since Sept. 20 on the CME Group exchange with just 1,514 contracts changing hands Monday.

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