Bitcoin currently trades at $59,524, notching a mild 0.47% 24-hour price dip and holding within a tight daily trading range between $58,334 and $60,714. Sideways consolidation just below the key $60,000 psychological level has shifted market sentiment toward the downside, with analytics models calling a near-term bearish outcome with 76% confidence.
Traders are watching the $58,334 lower range bound as critical near-term support; a break below this level would validate the bearish forecast and likely trigger widespread leveraged liquidations. Upside momentum remains capped at the $60,714 range high, with insufficient buying pressure to reverse the growing bearish consensus for the session.
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