**Bitcoin ($BTC) Analysis**

Current Price: $61,319

Bitcoin ($BTC) has been moving within a certain price range since April. It recently tried to break through a resistance level at $62,500 but was unsuccessful. There's also strong resistance from the 50-day and 200-day moving averages.

If Bitcoin manages to rise above this level, we could see a price increase. However, we advise caution because Bitcoin is in a downward trend over longer periods (daily, weekly, and monthly).

There could be a temporary price rise( long trap) over the weekend, but expect a decline next week due to high market manipulation.