Bitcoin Price: Momentum Hits the Brakes at $64k

Bitcoin's price has been stuck in neutral, trading at $64,038 without much movement in either direction. The cryptocurrency is currently below its short-term averages, including the SMA7, SMA20, EMA12, and EMA26.

The intraday range has been narrow, with Bitcoin bouncing between $63,267 and $64,744. Despite this, there hasn't been a strong directional move all day, with an average true range of $1,476.

Looking at the bigger picture, Bitcoin's SMA200 is significantly higher, sitting at $71,635. This shows that the cryptocurrency has been trading below its long-term average for some time now.

The Bollinger %B reading is 0.38, indicating that price is in the lower part of the band. Spot volume over the last 24 hours came in at $1.08 billion.