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Bitcoin’s overall trend on the 1-hour chart is currently biased upward. After an initial surge that pushed prices higher, it saw a modest pullback and is now ranging and oscillating in the middle of the range.
The current level is close to the Bollinger Band midline. Near-term resistance is around 64,500, and support is around 63,500.
A short-term pullback toward 63,700–63,500 that stabilizes there can be met with a light dip-buy.
If the rebound reaches and stalls around the 64,500 resistance area, then only a short-term attempt at a pullback is expected. #BTC