Bitcoin price started a recovery wave above the $62,000 zone. BTC is 
consolidating and might aim for more gains if it clears the $64,500 resistance 
zone. Bitcoin managed to form a base above $60,000 and started a recovery 
wave. The price is trading above $62,500 and the 100 hourly simple moving 
average. There was a break above a bearish trend line with resistance at 
$61,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The 
pair might gain bullish momentum if it settles above the $64,500 zone. Bitcoin 
Price Eyes Fresh Gains Bitcoin price remained supported above the $60,000 
zone. BTC formed a base and settled above $61,200 to start a recovery wave. 
There was a move above the $62,000 and $62,200 levels. Besides, there was a 
break above a bearish trend line with resistance at $61,500 on the hourly 
chart of the BTC/USD pair. The bulls were able to push the price above the 
23.6% Fib retracement level of the downward move from the $74,100 swing high 
to the $59,107 low. However, the bears are active near $64,000. Bitcoin is now 
trading above $62,500 and the 100 hourly simple moving average. If the price 
remains stable above $62,000, it could attempt a fresh increase. Immediate 
resistance is near the $64,500 level. The first key resistance is near the 
$65,000 level. A close above the $65,000 resistance might send the price 
further higher. In the stated case, the price could rise and test the $66,500 
resistance or the 50% Fib retracement level of the downward move from the 
$74,100 swing high to the $59,107 low. Any more gains might send the price 
toward the $68,500 level. The next barrier for the bulls could be $70,000. 
Another Decline In BTC? If Bitcoin fails to rise above the $64,500 resistance 
zone, it could start another decline. Immediate support is near the $62,800 
level. The first major support is near the $62,500 level. The next support is 
now near the $62,000 zone. Any more losses might send the price toward the 
$61,500 support in the near term. The main support now sits at $61,200, below 
which BTC might struggle to recover in the near term. Technical indicators: 
Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI 
(Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. 
Major Support Levels – $62,500, followed by $62,000. Major Resistance Levels – 
$64,500 and $66,500.

Bitcoin price started a recovery wave above the $62,000 zone. BTC is consolidating and might aim for more gains if it clears the $64,500 resistance zone. Bitcoin managed to form a base above $60,000 and started a recovery wave. The price is trading above $62,500 and the 100 hourly simple moving average. There was a &#8230;

Bitcoin Price Fights Back—Is The Worst Finally Over?

China&#8217;s regulatory push for innovation-focused investments may reshape fund 
strategies, emphasizing long-term tech growth over speculative gains.
The post China Securities Regulatory Commission urges fund managers to support 
innovation, warns against speculation appeared first on Crypto Briefing.

China&#8217;s regulatory push for innovation-focused investments may reshape fund strategies, emphasizing long-term tech growth over speculative gains. The post China Securities Regulatory Commission urges fund managers to support innovation, warns against speculation appeared first on Crypto Briefing.

China Securities Regulatory Commission urges fund managers to support innovation, warns against speculation

Reduced US oil inventories limit flexibility in addressing supply shocks, 
potentially increasing market volatility and impacting energy security.
The post US commercial oil inventories fall to 434M barrels, lowest in 20 
years appeared first on Crypto Briefing.

Reduced US oil inventories limit flexibility in addressing supply shocks, potentially increasing market volatility and impacting energy security. The post US commercial oil inventories fall to 434M barrels, lowest in 20 years appeared first on Crypto Briefing.

US commercial oil inventories fall to 434M barrels, lowest in 20 years

The tariff policy instability may drive capital towards Bitcoin as a hedge, 
while legal challenges create economic uncertainty and market volatility.
The post Trump relaunches tariffs war after court strikes down levies appeared 
first on Crypto Briefing.

The tariff policy instability may drive capital towards Bitcoin as a hedge, while legal challenges create economic uncertainty and market volatility. The post Trump relaunches tariffs war after court strikes down levies appeared first on Crypto Briefing.

Trump relaunches tariffs war after court strikes down levies

Geopolitical tensions can trigger rapid market reactions, highlighting the 
vulnerability of leveraged positions and the interconnectedness of global 
events.
The post Kuwait intercepts seven Iranian missiles as crypto markets shed $700M 
in liquidations appeared first on Crypto Briefing.

Geopolitical tensions can trigger rapid market reactions, highlighting the vulnerability of leveraged positions and the interconnectedness of global events. The post Kuwait intercepts seven Iranian missiles as crypto markets shed $700M in liquidations appeared first on Crypto Briefing.

Kuwait intercepts seven Iranian missiles as crypto markets shed $700M in liquidations

Ripple CTO Emeritus David Schwartz said XRP utility is expanding as the XRP 
Ledger supports issued assets, tokenized real-world assets, and a growing 
range of financial products such as securities, funds, repos, and loans. ‘ XRP 
in a Minute’ Shows How XRPL Is Moving Beyond Basic Transfers Ripple published 
a new “ XRP in a […]

Ripple CTO Emeritus David Schwartz said XRP utility is expanding as the XRP Ledger supports issued assets, tokenized real-world assets, and a growing range of financial products such as securities, funds, repos, and loans. ‘ XRP in a Minute’ Shows How XRPL Is Moving Beyond Basic Transfers Ripple published a new “ XRP in a &#8230;

Bitcoin Price Fights Back—Is The Worst Finally Over?

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