*Bitcoin Breaks Out Beyond $62,000: What's Next?*
Bitcoin has surpassed the crucial $62,000 level, marking a significant breakout after a 20-day struggle. This move could lead to a substantial upside rally in the coming days.
*Key Takeaways:*
- Bitcoin needs to close a daily candle above $62,200 for a substantial price increase.
- If successful, Bitcoin could rise to $68,000 and $71,000, its next resistance levels.
- Bitcoin is currently trading above the 200 Exponential Moving Average (EMA) on a daily time frame, indicating an uptrend.
- Open interest has jumped 2.5% in the past hours and 3.2% in the last 24 hours, signaling growing investor interest.
*Expert Insights:*
- A prominent crypto expert notes that Bitcoin's bull-bear market indicator has switched back to bullish, indicating a positive outlook for BTC.
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