Bitcoin (BTC) is hovering near a key support zone after a steep pullback from its record high, with market positioning suggesting a short-term equilibrium but little conviction. Traders are now watching whether BTC can reclaim the dense supply around $62,700—an area that analysts see as the pivotal hurdle for any sustained rebound.
As of Wednesday 15:00 UTC, Bitcoin was trading around $61,916 on Binance, sitting just above the weekly lower support band at $61,300–$61,900. The price has remained range-bound over the past week, oscillating between roughly $60,100 and $64,700, reflecting a… Read more
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