BTC Slips Below $63K Despite Cooling Inflation: Is More Downside Ahead?

Bitcoin fell below $63,000 as sellers repeatedly rejected attempts to reclaim $65,000. Technical indicators turned bearish, while rising long positions increased liquidation risks near $61,000. BTC needs $63,220 support reclaimed, while August PCE data could influence market direction. Bitcoin — BTC, has failed to benefit from improving inflation data and strong stock market gains. BTC now trades below $63,000 after another failed pus…