The world’s largest cryptocurrency by market cap currently trades at $59,296, posting a mild 0.26% 24-hour loss that keeps price action contained within a daily trading range of $58,110 to $60,482. Market analytics point to a confirmed bearish near-term outlook with 80% confidence, as failure to break above the upper range resistance near $60,500 has drained bullish momentum over the past session. Buyers have so far held the key $58,000 support floor, but weak buying interest leaves this level vulnerable to a break if selling pressure picks up in coming hours. Traders are watching for a confirmed break outside the current range to lock in the next directional move, with the overwhelming bearish bias pointing to clear downside risk for the session.
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