Bitcoin: 7-Week Range Volatility Builds Pre-Monthly Close

Bitcoin continues chopping inside the same range it has held for seven weeks, with a 2.5% pump one day followed by a 2% red candle the next, as the monthly close approaches and volatility is set to rise.

Price at $63678.32 sits below the EMA50 at $64566.44 and EMA200 at $63899.33 in a bearish structure confirmed by the MACD death cross at -317.07, while RSI at 40.72 remains neutral; with price testing the upper Bollinger Band resistance at $65672.46, a retracement toward the lower band support at $63132.4 and the 50-EMA confluence appears the highest-probability path before any sustained directional breakout.