Bitcoin (BTC) remains under pressure at the start of the week, trading around $62,800 on Monday as buyers struggle to regain momentum above the crucial $64,000 resistance level. Although the world’s largest cryptocurrency staged a modest recovery last week, the broader technical picture continues to favor sellers, with multiple resistance levels limiting the scope for a sustained rebound. Bitcoin remains below key moving averages BTC continues to trade beneath its major exponential moving averages (EMAs), highlighting the prevailing bearish market structure. The latest decline was not triggered by any major news event. Instead, the decline reflected another leverage-driven correction within Bitcoin’s well-established trading range that has held between $59,000 and $66,000 for roughly a month.
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