Bitcoin Price Prediction: Support and Resistance Levels

The BTC/USD pair is trading at the beginning of the day with a daily decline of 0.5% around $63,200, and this slight decline may be attributed to the currency’s price movements facing major resistance around $64,154. Currently, BTC price is hovering near the major support level of $62,380$ within an ascending price channel that reflects its extended upward trend, but it may witness additional declines if it fails to hold above this level, noting that the next support level is located at $61,300.