$BTC - strong recovery after testing support around 58,946

The bounce from that level shows bulls are stepping back in, pushing price up to 62,871, reflecting a solid 5.44% gain

Key Levels:

• Resistance: 64,478 (previous swing high)

• Support: 58,946 (recent low)

Technical Indicators:

• The MACD has flipped positive, with the MACD line crossing above the signal line, indicating a potential bullish momentum shift.

• The 24h volume shows significant trading activity, supporting the upward movement.

• However, price is nearing a resistance zone at 64k, which could result in a temporary pullback unless there’s sustained buying pressure.

If BTC breaks above 64,478 with volume, the bullish momentum could continue toward new highs. However, a rejection at this level could see a retest of lower support around 60,697 or even 58,946 if bears regain control. Keep an eye on volume and key levels for confirmation

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