Bitcoin Volatility Cheapest in Years Despite Recent Losses

According to Glassnode data, the current period is one of the cheapest times to buy volatility for Bitcoin in years.

However, recent buyers have still lost money due to less movement than expected from bitcoin:native.

The price of BTC currently sits at $63,395.78 within a bearish structure, with the EMA50 resistance at $63,542.55 and EMA200 at $63,684.38.

The neutral RSI(14) is at 52.27, paired with a MACD golden cross that points to a likely test of the lower Bollinger band support at $62,760.72 before any sustained continuation.