Bitcoin Struggles to Break Out: Short-Term Volatility Ahead?💥

Bitcoin’s price action has been relatively flat over the past 36 hours, fluctuating between $63,600 and $62,843. On the technical side, $BTC is currently sitting below the 50-day Exponential Moving Average (EMA) but still holding above the 200-day EMA on the 4-hour chart.

Meanwhile, Bollinger Bands (BB) suggest that $BTC could be slightly oversold, as the price is trading below the middle band. With the BB lines diverging, signs point to possible short-term volatility in the near future. Traders should brace for potential swings in the coming hours.

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