Bitcoin: Loses Uptrend Signaling $60K Test

Bitcoin has lost its uptrend on the lower timeframes according to @CryptoMichNL, opening the door to a retest of the $60000-61000 zone before any continuation higher while markets stay range-bound amid summer low volatility.

With BTC price at $63420.28 trading inside the Bollinger Bands and testing near the lower support at $63100.55, the bearish MACD death cross at -341.3 combined with EMA50 resistance at $64583.22 and neutral RSI at 36.06 points to a healthy retracement toward the $61000 level before any bullish resumption, especially with FOMC and Clarity Act events ahead; this setup reinforces standard BTC price prediction models that favor range-bound crypto markets over immediate crypto market crash scenarios.