Bitcoin Price Hits $62k amid 3 Bullish Catalysts from USA, Brazil, and Russia

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Bitcoin Price Forecast | (BTC/USD) The Ichimoku Cloud provides further bullish signals as the price is testing the Kijun-sen (blue line) and Tenkan-sen (red line) levels, both of which are critical resistance points. A sustained move above these lines could pave the way for a further rise towards the upper boundary of the cloud and beyond.

The price is currently hovering around $60,000, with key resistance at $61,700, where the flat Kumo top (Senkou Span B) resides. Breaking this level could clear the path to the $65,000 target, aligning with the upper channel of the linear regression band.

Support levels to watch are at $58,500, near the lower boundary of the cloud, and $57,300, where the recent price low aligns with the bottom of the linear regression channel. If the price fails to hold above these levels, it could signal a return to bearish momentum, but as long as Bitcoin remains within the current range, the bias leans bullish.

In summary, Bitcoin’s recent price action suggests a potential rally towards $65,000, contingent on breaking through the $61,700 resistance

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