Bitcoin (BTC) Could Not Hold $63,000, May Remain Range-Limited

Bitcoin (BTC) rose during the European morning on Monday. It peaked at around $63,200 and then retreated below $62,800.. BTC could try to rally above $64,000 again, and there have been numerous instances this month, all of which have sold off. This behavior, along with the plummeting number of transactions, points to consolidation in the market and the possibility that Bitcoin may remain range-bound for the time being. As of this writing, the Bitcoin price has risen 2.34% to $62,543 over the past 24 hours. The CoinDesk 20 Index (CD20), which measures broader digital markets, rose 1.1%, while ETH and SOL posted modest gains, trading just below $3,000 and $150, respectively.