The fall has not lasted long, and most of the coins have returned to the green zone, according to CoinMarketCap.

Top coins by CoinMarketCap BTC/USD

Bitcoin (BTC) is one of the biggest gainers today, rising by 5.93%.

Image by TradingView

On the hourly chart, the price of BTC might have set a local resistance level of $63,363. If the daily bar closes far from it, one can expect a correction to the $62,000 range soon.

Image by TradingView

On the bigger time frame, one should pay attention to the candle's closure in terms of the level of $63,236. If it happens near that mark or above, there is a chance to see a breakout, followed by a further upward move to $65,000.

Image by TradingView

From the midterm point of view, neither bulls nor bears are dominating, as the rate of BTC is far from important levels.

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However, if the weekly bar closes near its peak, traders may witness a test of the $70,000 area soon.

Bitcoin is trading at $62,923 at press time.