Bitcoin climbed to $61,211 early Thursday, a rebound of more than 5% off its 24-hour low. The move puts price back near the top of its daily range as short-term momentum indicators turn bullish while longer-term averages keep sellers in control.
Key Takeaways:
Bitcoin traded at $61,211 Thursday, up over 5% from its $57,735 low. MACD and momentum turned bullish while nine of twelve moving averages stayed bearish.Traders are watching the $61,500 to $62,000 zone, where 20-period averages could decide the next move.The recovery has been steady rather than sharp, with buyers stepping in at each dip rather than forcing a single violent move higher.
Daily Chart Shows a Higher Low Taking ShapeResistance runs from $61.3k to $62k, with a second wall at $64k. Recent daily candles have closed green, suggesting buyers are regaining ground, though the broader daily trend has not fully reversed. A daily close above $61.3k to $62k would strengthen the case for a continued move higher.
Four-Hour Chart Shows the Strongest Structure of the Three
