Key Takeaways:
Bitcoin trades at $63,629, up over a percentage point, after recovering from a $59,100 low that took place on June 4.Moving averages signal a strong sell, while oscillators like RSI at 38 stay neutral.Traders watch the $64,000 level, with $67,000 the next target on a confirmed breakout.On the daily timeframe, resistance sits at $64,500 and again near $66,500, with major resistance layered at $67,000 to $68,000.
The four-hour chart shows a clearer short-term uptrend. After the drop to the $62,200 low, the price built a sequence of higher lows and higher highs.
Recent candles show momentum slowing near $63,500 to $64,000, a pattern consistent with accumulation following the bounce. A break and hold above $64,000 to $64,200 opens a path toward $65,000, $66,000, and $67,000. A loss of $63,000 reopens the door to $62,200 and then $61,000.
1-Hour ChartThe one-hour chart points to consolidation. Price rose from the $62,200 low and has since compressed into a tight range, with resistance at $63,800 to $64,000 and support at $63,200 to $63,300. Sellers have not regained control, and the pattern reads closer to a flag than a reversal.
