Quick Analysis: As previously highlighted, #Bitcoin remains under pressure. Staying below $67,900 has shown us there’s limited upward potential, and now it's more evident with the recent rejection from $67,000. Bitcoin is currently trading below $62,000, signaling a strong bearish trend.
Current Status: Bearish Outlook: Bitcoin's failure to surpass $67,900 has set a bearish tone. Watch out as it now trades below $63,000, which might trigger further declines.
Support: $51,000 Resistance: $63,900 / $67,700
Suggestion for Traders Monitor these crucial thresholds and adjust your trading plans accordingly. Stay prepared for swift market movements.