✴️ Bitcoin - Technical Analysis

Bitcoin started a new uptrend with the $ 60,000 range; It is now back above $ 62,000, but it must first cross the $ 64,000 resistance to resume the uptrend.
We saw Bitcoin plunge below the psychological $ 60,000 price level; However, further downtrends were prevented, and the lowest level traded at $ 59,610 during the downtrend before rising again. Following that, the price crossed the resistance levels of $ 61,000 and $ 61,200.
The uptrend pushed #BTC back to the $ 62,000 and $ 62,500 levels. Even a jump above the 50% Fibonacci retracement level had a bearish move from the $ 66,980 ceiling to the $ 59,610 floor. #Bitcoin is now trading above the $ 62,000 price level and the 100-hour moving average.
Bitcoin is currently struggling with resistance levels of $ 63,000 and $ 63,200. The BTC / USD hourly chart also shows an extensive downtrend line with a resistance of around $ 63,200.
The nearest determinant resistance level is the $ 64,000 range. Fibonacci levels of 61.8% are in the same range.
Breaking the resistance created by the trend line and then overcoming the resistance will open the $ 64,000 range to $ 65,000. Bitcoin (BTC) will then move towards resistance at the $ 66,500 range.
But if it fails to climb above the $ 64,000 resistance, it will likely resume another bearish correction. In this case, the nearest support level is around $ 62,200.
Below, at $ 61,500 and a 100-hour moving average, is the main support. Its collapse will pave the way for the collapse of Bitcoin up to $ 60,000 psychological support and terrible downside risk.