The world’s leading cryptocurrency Bitcoin trades at $68,786.00 at today’s daily mark, posting a 2.70% negative swing over the past 24 hours that eroded recent short-term upside momentum.
Intraday price action held firmly within a defined range of $67,410 on the low end to $70,162 at the intraday peak, with consistent selling pressure pushing Bitcoin back into the lower half of the range by the daily close.
Market forecasters flag a bearish near-term outlook for BTC with 80% confidence, as the daily drop confirms weakening buying demand at current price levels above $68,000. Traders are watching for a break below the $67,410 support to validate the bearish thesis, with near-term resistance capped at today’s $70,162 intraday high.
(Word count: 132)