Bitcoin has managed a modest recovery, trading at around $60,850. This recent price action comes as BTC reclaims a position above its 200-day Exponential Moving Average (EMA), suggesting a potential rebound. However, the $61,500 resistance level is now in focus, and its outcome could significantly influence Bitcoin’s near-term trajectory.
Current Market Overview
Bitcoin has shown some positive movement, bouncing from a five-month low of $59,413.·
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