The world’s leading cryptocurrency by market cap, Bitcoin, currently trades at $68,204, marking a 1.55% pullback over the past 24 hours.
Daily price action has been confined to a defined trading range between a low of $66,840 and a session high of $69,568, with sellers pushing the asset below the key $69,000 psychological level earlier in the day.
Aggregated market forecasts point to a firmly bearish near-term trend, with an 80% confidence level that downward momentum will continue through the next trading window.
Traders are monitoring for a break below the $66,840 support floor to confirm the bearish thesis, while a sustained push above the $69,568 resistance would invalidate the current negative outlook.
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