Bitcoin (BTC) price action has been sideways in the last 36 hours, with BTC unable to break out of the $63,600-$62,843 range. On the 4-hour chart, BTC remains below the 50-day EMA but above the 200-day EMA. The Bollinger Bands (BB) suggest that the current price may be a bit oversold, and short-term volatility is expected.

Short-term traders (STH) may be taking more risks at the moment. CryptoQuant analyst Burak Kesmeci says that STHs could panic-sell if BTC falls below $61,600. In this case, BTC’s short-term price action could depend on STHs.

Bitcoin’s Q4 performance has been generally positive. Timothy Peterson emphasizes that BTC had a bad start to October, but generally made significant gains in Q4. We are waiting for your comments: How do you think BTC will perform this quarter?