The world’s leading cryptocurrency by market cap finished the last 24-hour trading period at $63,890, recording a 2.96% negative pullback from prior session highs.
Trade over the past day held within a defined range of $62,612 to $65,168, with accelerating downside momentum pushing prices closer to the range’s lower support level heading into today’s trading.
Market forecasters are calling a solid bearish bias for the next 24 hours, with 80% confidence that downward pressure will persist amid ongoing broad risk aversion across digital asset markets.
Short-term traders are watching the $62,600 support level closely, as a break below this threshold would confirm the bearish outlook and clear the path for steeper additional downside in the coming session.
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