**Bitcoin Stuck in a Tight Range Amid Market Uncertainty**

Since early October, Bitcoin's price has been consolidating within a $3,400 range, struggling to break past the 200-day simple moving average (SMA). Currently, BTC is trapped between resistance at $63,525 and support at $60,777, creating a tug-of-war between bulls and bears.

Crypto analyst Alan Santana noted that Bitcoin's failed attempts to surpass the 200-day SMA confirm it as a strong resistance. Market data shows significant bid and ask orders near the spot price, indicating ongoing buyer-seller stalemate.

With low volatility, Bitcoin's sideways movement may continue in the coming weeks.