Bitcoin price has failed to close above $60,000 on a daily basis since March 13 but has been supported by the 21-day simple moving average (SMA) over the last seven days. Overall, the technical picture has tilted bearish in the short-term while the on-chain metrics are mixed. The complex picture makes it prudent to wait for the unpredictable directional movement to resolve in either direction. Bitcoin price boxed in by underlying fundamentals: On the bullish side of the ledger, BTC miners, albeit an increasingly smaller influence as sell-side entities compared to daily trade volume, are net accumulating bitcoin at ... (full story)