Bitcoin (BTC) is currently trading at $62,005, posting a 1.2% 24-hour price pullback after recent choppy sideways market action. Over the last full trading day, BTC held within a defined range between a low of $60,765 and a high of $63,245, with neither bulls nor bears able to secure a decisive breakout from this band. Near-term market forecasts hold a solid bearish bias, with analysts assigning 80% confidence to the call that downward momentum will dominate BTC’s price action over the next 24 hours. Traders are watching the $60,765 range low as key support; a break below this level could trigger steeper losses, while a push above $63,245 would invalidate the current bearish outlook.
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