Bitcoin is currently trading around the $63,950 level, moving sideways with slight selling pressure just below the psychological $64,000 mark.

Although it tested the $65,000 range recently following US Producer Price Index (PPI) data that came in below expectations, concerns regarding global interest rates and geopolitical tensions have capped the upside.
📊 Current Technical Levels & Analysis
Support Levels: In the short term, the key support levels stand at $62,400, followed by $61,600. Upward momentum can be maintained as long as the price holds above these zones.
Resistance Levels: For the upward trend to gain momentum, the price must first establish a foothold above $64,200. The next critical threshold is the $65,500 resistance; if this level is breached, attention will shift back to the $68,400 and $71,800 targets.
General Outlook: Bitcoin continues to consolidate (trade sideways) within a broad range of approximately $59,000 to $67,000 in recent weeks.