Bitcoin Lacks Opportunity, Don't Miss

$BTC/USD is likely to hit $62,200 today due to important technical and market momentum. The pair has faced significant resistance near $64,000, with multiple failed breakout attempts signaling a potential shift in momentum. With volume declining in recent rallies, market liquidity appears thin, creating an environment ripe for downside volatility. As bearish pressure builds and the shorter timeframe shows a clear pattern of lower highs and lower lows, the likelihood of a breakdown increases. A break below the $63,200 support level could act as a catalyst for further declines, making $62,200 a logical target within the day's trading range.

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