Bitcoin's Range-Bound Price Teeters on Edge of Breakout

Bitcoin's price is currently hovering around $64,925 on the daily chart, having made a flat close of +0.05% on the session.

This seemingly stable performance hides a tight setup that has been building over time.

The price is pressed against the upper half of a two-month range, with levels above and below being close enough that the next daily candle could set the direction for weeks to come.

The chart has been stuck in a range-bound pattern since June's breakdown, with Bitcoin losing the $70,000 level and dropping towards the $50,000s before rebounding.

Now, it's back at the top of that range, facing the same question: will resistance break or will the range hold again?