Bitcoin is playing tug-of-war! 🎢
- Since October, BTC has been bouncing between $54K and $72K, unable to break the 200-day SMA resistance at $63,525.
- Crypto analyst Alan Santana notes BTC's failed attempts to reclaim this level, calling it a "very strong negative candle."
- Market data shows a stalemate: 1.3M BTC bought in the $61,843-$63,655 zone vs. 866,330 BTC in the $59,958-$61,70 zone.
- Volatility remains low, suggesting BTC might stay rangebound for a while.
Stay tuned for more crypto rollercoaster updates!