Bitcoin Rebounds Above $64,000 Amid Low Volatility

Bitcoin's price has rebounded above $64,000 after buyers successfully defended the crucial $63,300 support level. This move signals a potential run towards $65,000 if the recovery holds.

The low volatility and tight trading range have been highlighted by analysts, with implied volatility at its lowest 2% of historical levels. Meanwhile, Glassnode's volatility trap score has hit a three-year high of 91, suggesting a possible sharp price swing ahead.

Liquidity clusters near $64,700 and $62,200 mark key resistance and support zones, with the current trading range between $62,200 and $64,700. A break through these liquidity levels could trigger the next significant price move, but the direction remains uncertain.