Bitcoin: Range Bound at $62910 With Liquidity Test Ahead

Bitcoin trades unchanged from levels seen seven days ago, locked inside a tight range near $62910 according to Michaël van de Poppe. The analyst highlighted abundant liquidity sitting below current prices and flagged a potential probe into the $60000-61000 zone that would validate a higher low structure, calling accumulation in this area a reasonable move.

Price action on the 4h chart shows BTC pressing the lower Bollinger Band support at $62870.44 while the MACD death cross at -327.35 keeps bearish pressure intact above the EMA50 resistance at $63968; the neutral RSI reading of 33.79 leaves room for a swift liquidity sweep lower before any sustained recovery attempt.