Coinidol.com: Bitcoin Maintains Its Range Above $65,000

Bitcoin (BTC) is currently trading in a narrow range above the $65,000 support but below the 21-day SMA barrier.

The largest cryptocurrency has been consolidating above the $65,000 support level after the bullish momentum was halted at the $70,000 high.

Key supply zones: $120,000, $125,000, $130,000

Key demand zones: $90,000, $85,000, $80,000

On the 4-hour chart, the price bars are positioned between the horizontal moving average lines. The price action is marked by small-bodied, indecisive candlesticks known as Doji. These Doji candlesticks have kept the price range-bound.

Bitcoin remains in a sideways trend, trading above the $65,000 support but below the moving average lines and the resistance at $68,000.

Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.