Bitcoin continues moving sideways and trades within 5%range as Bollinger Bands are getting closer. Since November 25th BTC price has been establishing higher lows. It also appears that the current price action is forming an Adam and Eve bottoming pattern. In case this pattern will play out, the approximate target would be at $9230. However, there is a 61.8% Fibonacci Retaracement level in the way that might serve as a resistance at $8900.