Bitcoin saw heavy selling pressure after losing momentum near the highs. Price is now consolidating around the recent lows as buyers attempt to defend the current zone.
Key Levels:
Major Resistance: 63800
Major Support: 62500
My View:
BTC remains under short term bearish pressure while trading below the 63590 resistance zone. A breakout above this area may signal recovery attempts, while rejection could bring sellers back for another downside move.
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