FX.co ★ #Bitcoin chart analysis

#Bitcoin In terms of Bitcoin, there is a stagnation, but there are several points worth highlighting for analyzing the situation. On the four-hour chart, the price continues to stay below the moving averages. All attempts to rise above have not been successful. Meanwhile, the moving averages are increasingly pressing the price towards an important resistance level. Not just a level, but a range of 62,000 - 65,000 dollars per coin, marked in red. Once this range is broken through, the price will head downwards. The longer it stays sideways, the stronger the downward impulse may be. Either a downward impulse followed by a buyback. This will depend on the big players and their plans for Bitcoin. Yes, I do not rule out attempts to break the moving averages upwards before breaking through the red range. Currently, the situation looks as follows.