Bitcoin price started a strong increase and broke the $62,000 resistance level. BTC is showing positive signs and might rise toward the $63,200 level.
- Bitcoin gained bullish momentum above the $60,500 resistance zone.
- The price is trading above $61,500 and the 100 hourly Simple moving average.
- There is a key bullish trend line forming with support at $61,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair might continue to move up if it breaks the $62,500 support.
Bitcoin Price Regains Strength
Bitcoin price started a decent increase above the $59,500 and $60,000 resistance levels. BTC even cleared the $60,500 resistance to move into a positive zone. It sparked a strong increase and the price climbed above the $62,000 level.
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