According to CoinMeta, as reported by Coinpaper, Bitcoin (BTC) is currently under pressure around $63,000, with a market target of $65,400. As the price remains above the support level, the volatility of BTC is tightening, and the market may face greater price fluctuations. BTC is currently trading near the 50-day simple moving average and is under pressure from the long-term downward trend line. If it loses nearby support, it could be exposed to the liquidity zone of $62,200. Analysts point out that BTC is approaching a technically important decision point and may rebound to the $64,500 to $65,000 range in the short term, but if it falls below the 50-day moving average, it could increase the downside risk.