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Bitcoin- Distribution or just consolidation before new leg up?

Bitcoin (BITSTAMP:BTCUSD)  
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BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators Bitcoin (Cryptocurrency) bitcoinforecast BTCUSD BTCUSDT btcusdforecast
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trendanalysis chartpattern indicator bitcoin bitcoinforecast btcusd btcusdt btcusdforecast
Since 1st October Bitcoin is trading in a range.
At this point, things can be pretty simple with a break above 48.500 exposing 53k zone or a break below 47k exposing 44k
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