Earlier this morning, CoinDesk‘s Omkar Godbole pointed out a bullish pattern on the bitcoin price chart. He noted that the cryptocurrency had been largely range-bound for more than a week, and at the time he wrote that, Bitfinex had it listed at less than $6,900. He also noted that the bitcoin price range was gradually narrowing day by day before finally stagnating for about 24 hours, and he said that could mean that a bullish breakout was on tap.