Bitcoin has been stuck in the $3,400 range since early October, failing to break out of the 200-day SMA. 📉

- BTC price has been hovering between $72,000 and $54,000 since its March peak.

- Geopolitics and Fed policy are driving market uncertainty.

- The 200-day SMA at $63,525 remains a strong resistance.

- Support from the 50-day SMA at $60,777.

- BTC volatility remains low, indicating a possible continuation of the sideways trend.

Source: TradingView, IntoTheBlock, CoinGlass