Bitcoin: Tests February Lows After Range Breakdown

Bitcoin breaks its multi-month range to test February lows at $62298.2 as Glassnode options data reveals positioning shifts and volatility expectations. On the 4h chart price sits deep in bearish structure beneath EMA50 resistance of $69036.54 and EMA200 at $74457.65, with RSI(14) at 25.67 flashing oversold conditions and MACD death cross at -2286.05 locking in downside momentum inside the Bollinger band whose lower support rests at $60792.24. Traders now watch for a relief bounce toward that band before any sustained move higher in BTC price prediction models amid crypto market crash concerns and fresh Bitcoin options data analysis flows.