Bitcoin (BTC) traded lower over the past 24 hours, closing at $62,938.00 for a 2.19% daily loss that erased recent minor gains above the key $63,000 psychological level. The top crypto by market capitalization held within a tight 24-hour range of $61,679 (support) to $64,197 (resistance), with consistent sell pressure pushing prices toward the lower end of the band by the end of the trading period. Market analysts assign an 80% confidence level to a continued bearish outlook for BTC in the near term, expecting the current pullback to extend before any sustainable upward move develops. Short-term traders should monitor breaks of the listed support and resistance levels to confirm the next directional move over the coming 24 hours.
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