Bitcoin, $BTC, has failed to post gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the Alligator indicator shows that Bitcoin is moving into a consolidation phase, with the lines converging, indicating a lack of trend strength at the moment. The Bitcoin price has been oscillating above and below the green Alligator line (medium trend) without making strong breakout moves.

On the other hand, we see that the Volume is decreasing, as seen by the Volume Oscillator at -42.15%, indicating that there is little interest from buyers or sellers at the current price. Bitcoin traded at $61,395 as of press time, representing a 5.44% decrease over the last 24 hours.