Bitcoin's price has continued to rise, surpassing various resistance levels including $61,500 and $63,300. It is currently consolidating above $62,500. The price briefly dipped below $63,500 but is trading above the 100 hourly Simple Moving Average. There is a major bullish trend line forming with support at $61,500. If the price breaks above $63,500, it could face resistance at $63,800 and potentially reach $64,500 or even $65,000. On the other hand, a downside correction could occur if it fails to rise above $63,500, with immediate support at $62,700. The MACD is showing a loss of bullish momentum, but the RSI is above the 50 level.



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