Bitcoin Holds Support as Leverage Cools

Bitcoin has been held in a tight range around $63,000 with buyers holding up $62,800, and sellers holding back advances above $63,100. Pressure on leverage has eased a bit in the derivatives market since the May and June highs, due to a decline in liquidation activity.  A breakout above $63,100 could shift momentum, while losing $62,800 would expose the market to deeper weakness. Bitcoin remains locked near $63,000 as buyers defend su…