Bitcoin (BTC) continued to weaken on Wednesday as sellers maintained control following the cryptocurrency’s rejection near the $64,000 level. The latest decline extends the ongoing corrective phase, with the world’s largest cryptocurrency remaining trapped beneath several major technical resistance levels. At the time of writing, Bitcoin is trading around $62,825, keeping the short-term trend tilted to the downside. Bitcoin trades below key EMAs Bitcoin has lost nearly 1% of its value in the last 24 hours and has dropped below the $63,000 level. The bearish performance comes after the United States military executed strikes against Iran on Wednesday in retaliation for three ships attacked by Tehran in the Strait of Hormuz.
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