The world’s largest cryptocurrency by market capitalization currently trades at $62,777, marking a 2.11% downward shift over the past 24 hours. Bitcoin’s intraday price action stayed contained within a defined range of $61,521 to $64,033, with no sharp breakout in either direction to reverse the current downward momentum. Aggregated market forecasts point to a firmly bearish near-term trajectory, with 68% confidence that further downside movement lies ahead. Traders are now watching the key $61,500 support level closely: a break below this threshold would confirm bearish control, while a push back above $64,000 would signal a potential short-term trend reversal.
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