Ali Charts: Bitcoin is currently in a long-term accumulation range, it is recommended to layout in batches

Crypto analyst Ali Charts stated that Bitcoin's 200 week SMA is at $63500 and currently trading at around $60000, in a long-term accumulation range. Ali Charts believes that Bitcoin can be deployed in batches within the range of $58000 to $40000, and it may still drop to $54000 or even $40000.