Bitcoin: Tests $63K as Holders Sell at Loss

Bitcoin tests $63241.55 as long-term holders keep selling at a loss.

Distribution pressure from these cohorts has weighed on BTC over the last twelve months.

Technical Confluence: Price holds below EMA50 resistance at $63694.61 and EMA200 at $63667.42 in a confirmed bearish trend. MACD prints -93.96 with a death cross while RSI at 43.05 stays neutral. The asset trades inside the Bollinger Bands, with lower support at $62779.48 acting as the next downside target before any recovery in BTC price prediction scenarios.