$BTC BTC 63300 Consolidation: Breakout Nearing
Bitcoin has been range-bound around 63,300 for five weeks, with volatility hitting multi-year lows. 63,300 sits as 4H Bollinger upper band resistance, with EMA50/EMA200 at 63,542 and 63,684 respectively adding overhead pressure.
ETF flows turned negative this week ($248M cumulative outflow from Aug 12-14), while stablecoin market cap continues to shrink. Key support at 62,600–62,800 — if broken, next stop 62,000; $ETH $BICO
Bitcoin has been range-bound around 63,300 for five weeks, with volatility hitting multi-year lows. 63,300 sits as 4H Bollinger upper band resistance, with EMA50/EMA200 at 63,542 and 63,684 respectively adding overhead pressure.
ETF flows turned negative this week ($248M cumulative outflow from Aug 12-14), while stablecoin market cap continues to shrink. Key support at 62,600–62,800 — if broken, next stop 62,000; $ETH $BICO