$BTC Reclaiming Momentum or Facing Resistance...???
$BTC has bounced strongly from the $58K support zone and successfully reclaimed the key $61.2K level. Buyers remain in control, with price now approaching the next major resistance around $62.5K.
If bulls break and hold above $62.5K, a continuation toward $64K-$65.5K is possible. However, if price gets rejected here, BTC could retest the $61.2K support before attempting another breakout.
For now, the short-term bias remains bullish as long as $61.2K continues to hold as support.
$BTC has bounced strongly from the $58K support zone and successfully reclaimed the key $61.2K level. Buyers remain in control, with price now approaching the next major resistance around $62.5K.
If bulls break and hold above $62.5K, a continuation toward $64K-$65.5K is possible. However, if price gets rejected here, BTC could retest the $61.2K support before attempting another breakout.
For now, the short-term bias remains bullish as long as $61.2K continues to hold as support.