Bitcoin remains steady at $62,826, reflecting a minor decline of 0.33%. The narrow range over the past 24 hours is evident in this four-hour analysis, fluctuating between $62,423 and $63,921. The current moving averages signal a bearish trend: MA7 sits at 62,763, MA25 at 63,087, and MA99 at 63,286 — all positioned close to the current price, but indicating that the shorter-term moving averages are trailing the longer-term ones, which emphasizes a period of consolidation in a downward trajectory. Trading volume is notably low, significantly below the averages of both MA(5) and MA(10), indicating minimal market participation. Major resistance levels are established at MA7 ($62,763 — though the price is currently just above this) and subsequently at MA25 ($63,087). Support levels are identified at $62,423 (the recent low) followed by $62,351. The chart illustrates a gradual decline from $63,921. Although momentum remains bearish, it is beginning to slow down. This is not yet a buying opportunity. It is advisable to wait for a break above $63,500 accompanied by increased volume. Caution is warranted. Exercising patience is crucial as no reversal has been confirmed.@BTC____ #BTC $ETH
ETH
1,670.38
-0.14%
BTC
62,652.01
-1.04%
XRP
1.1555
+0.41%
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