đ„ Bitcoin Price Regains Its Attraction
Bitcoin price formed a support base above the $60,000 area. BTC started to rise again above the $61,200 and $62,000 resistance levels. Buyers even pushed the price above the $63,000 resistance level.
The price traded as high as $63,949 and is currently consolidating its gains. It seems that the price is showing signs of a new rally above $63,500. BTC is above the 23.6% Fib retracement level of the rally from the $62,324 swing low to $63,949 high.
Bitcoin price is currently trading above $63,250 and the 100 hourly simple moving average. There is also a connecting bullish trend line forming with support at $62,900 on the hourly chart of the BTC/USD pair.
On the upside, the price could face resistance near the $64,000 level. The first major resistance level is near the $64,200 level. A clear move above the $64,200 resistance level could push the price higher. The next major resistance level could be at $65,000.
