Bitcoin's Range-Bound Drama Reaches Boiling Point at $67,073

Bitcoin is currently trading around $64,925 on the daily chart, with only a 0.05% gain from the previous session.

The price action has been range-bound since June's breakdown, and Bitcoin lost the low $70,000s in early June before dropping to the high $50,000s in July.

Now, it's back at the top of that range, with the question of whether resistance will break or the range hold again looming large.

The key level to watch is $67,073, which has capped the bounce in mid-June and the rally in early August.

A daily close above this level would change the structure of the chart and open up a path to $74,000, which is where the June sell-off began.