Bitcoin (BTC) traded within a $61,296 to $63,798 range over the past 24 hours, closing the period at $62,547 for a 2.10% daily loss. The minor pullback follows stalled upside attempts at the upper end of the recent trading range, leaving market analysts bearish on short-term price action with 80% confidence in the bearish call. Support continues to hold near the $61,300 level, but a break below this threshold would confirm the bearish forecast and trigger broader sell-offs, while a reclaim of $63,800 would be needed to shift momentum back to bulls. Traders are reminded to monitor these key levels closely for clear confirmation of the next directional move.
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