The world’s largest cryptocurrency by market capitalization currently trades at $69,382, posting a slight 0.49% 24-hour loss as it consolidates just below the key $70,000 psychological level. Over the last trading day, BTC has been confined to a tight trading range between a low of $67,994 and a high of $70,770, with neither bulls nor bears able to seize sustained control of price action. Short-term market forecasts peg BTC’s near-term outlook as neutral, with a 47% confidence level that prices will continue moving sideways without a decisive breakout in either direction. Traders are now watching the range’s boundaries for the next directional cue, with a break above $70,770 signaling fresh bullish momentum and a dip below $67,994 opening the door for a deeper short-term pullback.
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