Bitcoin (BTC) continues to trade in a tight range near $63,000 after a sharp correction wiped out its spring rally. The leading cryptocurrency has struggled to regain momentum following its rejection above $80,000 earlier this year, leaving traders watching for the next major move. On the daily chart, Bitcoins price action has entered a consolidation phase, signaling a temporary balance between buyers and sellers. BTC is hovering close to its 50-day exponential moving average (EMA) at around $63,950, suggesting short-term equilibrium rather than a clear bullish or bearish trend. Despite the… Read more
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