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Bitcoin recently faced a significant rejection at the $62,498 resistance level, highlighting the prevailing bearish dominance in the market. This failure to break through a critical threshold has raised concerns about potential downward trends. The rejection at this key level signals caution among traders and investors, prompting a reassessment of market strategies. As of the
Bitcoin price has experienced a bearish momentum, dropping below the $60,000 mark. This decline suggests a short-term downtrend for BTC, with potential hurdles around the $62,000 price level. Bitcoin saw a fresh decline from the $62,550 resistance level, leading to a current trading position below $61,500 and the 100 hourly Simple moving average. Key resistance