The Bitcoin market is currently in a bearish trend on both the short and medium term, trading around the $64,000 level. [1, 2, 3, 4]

The price is currently fluctuating between the 62,300 and 65,000 dollar levels, down nearly 15% over the last month, due to institutional selling pressure and ongoing outflows from ETFs. [1, 2, 3, 4]