Bitcoin is currently priced at $70,966, down 1.01% over the past 24 hours as of this daily market update. Over the last trading day, the world’s largest cryptocurrency by market cap has traded within a tight defined range of $69,547 at the intraday low to $72,385 at the intraday high, with no major breakouts to shift the current muted sideways trend. Market analysts have published a bearish near-term outlook for BTC with very high 80% confidence, expecting the recent slight downward momentum to extend further in coming sessions. Short-term traders are advised to watch key support near the $69,500 level; a break below this threshold will confirm the bearish thesis for additional near-term downside.
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