In Bitcoin analysis on the hourly chart, the price is currently heading towards stability after a period of volatility. The current price is hovering around $63,200 after fluctuating between $62,400 and $63,500 in the last hours.

In the short term, technical data indicates a bearish trend despite scattered signs of an upside. Moving averages on short-term time frames (such as 20 and 30 hours) indicate the possibility of a slight decline continuing, but there is strong support around $62,000, which may prevent a sharp decline.

Sell signals are still strong based on indicators such as RSI and MACD, which means that the market may face some downward pressure in the coming hours. However, if the price manages to break the $63,500 level, we may see a move towards higher areas such as $64,000.

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