Bitcoin price is consolidating in a narrow range, and market participants are uncertain about the future price direction. 📉

On the daily chart, the price has rebounded from the $50K region but remains below the 200-day moving average at $63K. The $56K support level is currently holding the price. A breakout could determine the short-term price action.

On the 4-hour chart, the price has formed a bull flag formation. A breakout to the upside could trigger a rally to the $64K resistance. A breakout to the downside could have negative consequences.

The profit/loss ratio of short-term investors has been falling, and losses have been incurred in recent weeks. This could be a sign of a bottom in the middle of a long-term bull run, but it is not a guarantee.