BITCOIN PRICE PROJECTIONS: BTC UNDER PRESSURE NEAR $63,000, TARGET $65,400 DOLLAR

Coimpaper reports that Bitcoin (BTC) is currently under pressure near $63,000, with a market target of $65,400. As prices remain above the supporting level, the volatility of the BTC is tightening, and markets may face greater price volatility. BTC is currently trading near a simple moving average line on 50 days and is under pressure to move down the line in the long term. The loss of nearby support could expose the $62,200 area of liquidity. The analyst noted that the BTC was approaching a technically important decision point and could rebound to the $64,500 to $65,000 area in the short term, but that the downside risk could be increased if the 50-day average fell。