Bitcoin Price Fights Back—Is The Worst Finally Over?
Summary
Bitcoin recovered above $62,000 and is consolidating after holding support near $60,000–$61,200. The price moved above $62,200 and broke a bearish trend line, with momentum improving as BTC trades above the 100-hour moving average and RSI stays above 50. The key near-term hurdle is $64,500, followed by $65,000. A clear close above $65,000 could open the way toward $66,500, then $68,500 and possibly $70,000. If BTC fails to clear $64,500, it could pull back again. Immediate support is around $62,800, then $62,500 and $62,000. A drop below $61,500–$61,200 would weaken the recovery outlook.
