<p><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMDUvOTc3OGJmZmUtYWViMy00ZjY3LTkwMDAtYTYyNmFmY2RhMWEyLmpwZw==.jpg"></p><p>Bitcoin is facing selling near the 50-day SMA, indicating that the range-bound action may continue for a few days.</p>