Bitcoin: Breaks February Low, Bounces June Low

Bitcoin has broken below the February low and bounced from the June low, with @glassnode highlighting fresh options data on positioning, volatility expectations and market sentiment.

Price sits at $63742.43 right on the EMA50 at $63719.02 that now acts as immediate support while the EMA200 at $70524.82 remains distant overhead resistance; MACD at 187.21 keeps its golden cross intact and bullish, RSI at 56.66 stays neutral, and the market trades inside the Bollinger band with the upper band at $64235.59 capping any quick extension.