Bitcoin Holds Support Above $60K, Pushes Back Toward All-Time High

Bitcoin Holds Support Above K, Pushes Back Toward All-Time High
Bitcoin (BTC) is breaking above a short-term downtrend, which could support further upside toward the $65,000 resistance level. The all-time high around $66,900 is also within reach, although buyers struggled to sustain that level last week.BTC has whipsawed over the past few days, which created choppy trading conditions. This is typical during a consolidation phase, especially after a near-50% price rally over the past month.As of press time the largest cryptocurrency was changing hands around $62,500, up 2.4% over the past 24 hours. The relative strength index (RSI) on the daily chart is rising from neutral levels, which means the…