Bitcoin is currently trading at $60,731.00, posting a 2.83% 24-hour loss that shifts short-term momentum firmly to the downside after recent choppy trading.
Today’s price action stayed contained within a defined range of $59,516 to $61,946, with value sliding toward the lower bound of the range as sell-side pressure picked up through the session.
Quantitative market models have issued a bearish forecast for the next 24 hours with 80% confidence, signaling very high conviction that downside momentum will continue in the near term. Traders are watching the $59,500 support level closely; a break below this key threshold could trigger steeper short-term losses.
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