Bitcoin's price is fluctuating within a tight range as its current low volatility environment may signal an impending significant price move. Analysts suggest that if Bitcoin's value drops below the critical $61.6K support level, short-term holders could face heavy challenges.
The narrow price oscillation is seen as a precursor to an upcoming price shift, which might test the resolve of investors holding BTC for shorter durations.
Source: cointelegraph.com ↗