The world’s leading cryptocurrency Bitcoin currently trades at $62,857, posting a negligible 24-hour decline of just -0.01% that leaves price rangebound between $61,600 and $64,114 for the current session. The near-flat move follows recent choppy trade, with buyers stepping in to defend support at the lower end of the daily range and avoid a bearish breakdown of near-term price structure.
Market forecasting models hold a bullish outlook for Bitcoin with 71% confidence, projecting that a break above the $64,114 upper resistance will trigger the next leg of upside for the asset. A break below the $61,600 support floor would invalidate the bullish bias, opening the door for a short-term drop toward the key $60,000 psychological level.
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