Bitcoin: $63,400 Resistance Halts Upward Breakout

Bitcoin faces immediate rejection at the $63,400 resistance zone, keeping the $62,250 liquidity pool as the next key long entry according to trader @CryptoMichNL.

Price currently sits at $63,111.37 inside the Bollinger Bands, with the upper band at $63,805.63 acting as short-term volatility exhaustion. The 4h chart displays a bearish trend structure where EMA50 at $63,716.19 and EMA200 at $63,691.27 both function as overhead resistance; any sustained push above $63,400 must first clear these levels before targeting $64,600. Momentum RSI(14) at 40.55 remains neutral while MACD(12,26) prints a bullish golden cross at -266.41, suggesting a potential sweep of the $62,250 liquidity followed by quick reclaim could trigger the next leg higher toward the $65,000 zone cited in prior BTC price prediction models.