$BTC Bitcoin continues to grind higher after reclaiming $61,000.
Over the past couple of days, every pullback has been bought, and price is now trading back above $62,000.
That's a noticeable improvement in the short-term structure.
$63,500 remains the area I'm watching.
If Bitcoin can break above that level and hold it as support, I think the probability of a larger move higher starts to increase.
Until then, I'm treating this as a strong recovery rather than assuming the breakout is already confirmed.
Over the past couple of days, every pullback has been bought, and price is now trading back above $62,000.
That's a noticeable improvement in the short-term structure.
$63,500 remains the area I'm watching.
If Bitcoin can break above that level and hold it as support, I think the probability of a larger move higher starts to increase.
Until then, I'm treating this as a strong recovery rather than assuming the breakout is already confirmed.