Bitcoin holds $62.5k support, needs $64k close to resume gains

Bitcoin stalls at $64,000. Support holds at $62,500.

Bitcoin rebounded above $62,000. Bulls need a close over $64,000 to extend the move.

Price trades above $62,200. It sits over the 100-hour SMA. The trendline supports $62,500. Source on SMA context from NewsBTC.

Bears cap $64,000. Price slipped under $63,200 after clearing the 23.6% Fib of the $74,100 to $59,106 drop. The prior leg down is detailed by NewsBTC.

Bitcoin hourly chart with key levels

Upside if $62,500 holds:
- Resistance at $63,500
- Key level at $64,000
- Targets $65,500, then $66,500
- Next barrier $68,000

Downside if $64,000 rejects:
- Support at $62,500
- Then $62,200 and $61,500
- Next $61,000
- Main support $60,000

Technical view:
- Hourly MACD loses bullish momentum
- Hourly RSI sits below 50