Bitcoin currently trades at $62,903, posting a mild 0.40% 24-hour loss that keeps the world’s largest cryptocurrency trapped within a tight daily trading range between $61,645 and $64,161. After weeks of choppy sideways consolidation, short-term market models have issued a bearish forecast for Bitcoin’s next move, with strong 80% confidence that the asset will break lower rather than rally out of its current holding pattern. Traders are watching key range boundaries closely for clear directional cues. A break below the $61,645 support floor would confirm the bearish thesis, likely triggering stop-loss liquidations that push prices sharply lower, while a close above $64,161 resistance would completely invalidate the current negative outlook.
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