Bitcoin traded at $62,581.00 at this daily update, marking a 1.97% drop over the past 24 hours. The world’s largest cryptocurrency held within a tight intraday trading range of $61,329 to $63,833, with bears pushing price firmly down from the upper end of the range through the trading day.
Market analysts and predictive models have issued a bearish near-term outlook for BTC with 80% confidence, signaling strong conviction that downside momentum will continue in the short term. Traders are watching the $61,329 support level closely: a break below this threshold would open the door for steeper losses, while a reclaim of the $64,000 level would invalidate the current bearish thesis.
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