Glassnode: BTC Returns to Inflection Point

Glassnode notes BTC has returned to a key inflection point after sweeping both the February and June lows, with options data exposing positioning, volatility and sentiment. At $59740.16 the market trades inside the Bollinger band, pressing the lower support at $58639.45 while the EMA50 resistance at $62447.53 and EMA200 at $67300.06 remain firmly overhead; the MACD death cross at -964.46 keeps downside momentum intact even though RSI at 37.3 prints neutral, setting up a probable retest of that lower band before any sustained recovery in BTC price prediction and shielding against crypto market crash scenarios with zero AI industry impact visible.