Crypto
Bitcoin Price Consolidates Between $57.8K and $66.2K
Bitcoin's price has been trading in a tight range between $57.8K and $66.2K, with neither buyers nor sellers able to establish a sustained trend.
The asset is currently stuck in a prolonged consolidation phase, making it prone to liquidity sweeps and stop hunts around local highs and lows.
On the 4-hour chart, Bitcoin is trading within an even tighter range, with buyers defending the support region at $61.8K to $62.2K, while sellers cap rallies below the resistance around $64.9K to $65.6K.
The futures market participants have been actively defending the recent lows, indicating that both sides still have attractive liquidation targets within the broader consolidation range.