BTC: Returns to 63k Range Despite Soft Inflation

BTC has moved back toward 63k, returning to the lower end of its recent range despite a softer US inflation backdrop and reinforcing last week’s theme that resilience remains but momentum has been harder to find.

Price action on the 4h chart shows BTC testing the lower Bollinger support at $62853.41 while the EMA50 at $63965.39 and EMA200 at $63705.48 continue to cap upside as concrete resistance; the MACD death cross at -332.65 keeps the bearish structure dominant even as RSI at 33.0 sits neutral, suggesting any bounce attempt will likely stall before sustained continuation higher.