XBTUSD is being squeezed along an uptrend line with resistance around the low $10,000s.
on a different exchange, Bitfinex, has tapered off near completely, with both sides waiting for a big move either way.
What this might be:
an invisible sell wall that is preventing price from rising to accumulate short positions that will pump the price after the wall is lifted and their positions are liquidated into market buys
a scenario where we will lick the bottom $9,000s before we go into a slow uptrend from that bottom.