Bitcoin price found support at $61,800 and recovered higher. BTC jumped to $64,500 and is currently consolidating gains above $63,500.
Bitcoin started another increase after it found support near the $61,800 zone.
The price is trading above $63,500 and the 100 hourly Simple moving average.
There was a break above a key bearish trend line with resistance at $63,250 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair must stay above the $63,200 support zone to continue higher in the near term.
Bitcoin Price Holds Ground
Bitcoin price started another decline below the $63,500 pivot level. BTC dropped below the $62,000 level before the bulls emerged. A low was formed at $61,774 and the price started a recovery wave.
There was a move above the $62,500 and $63,500 resistance levels. Besides, there was a break above a key bearish trend line with resistance at $63,250 on the hourly chart of the BTC/USD pair. The pair even spiked above $64,500 and tested $64,7
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-price-bounces-back-64500/
