Bitcoin Rebounds Above $62,000 After Six-Week Low, Analysts Eye $63,500 Target

Bitcoin‘s price hit a six-week low on June 24, but buyers quickly intervened, pushing it back above $62,000 within 24 hours. Trader Jelle analyzed Bitcoin’s market structure and noted renewed buyer interest around the $60,000 support zone. He expressed optimism in a June 25 post on X, saying, “If #Bitcoin can lock in a lower-timeframe higher low today, I think we run it back to $63,500 before the week is out. “Above that, and red Monday, green week becomes a reality.” Jelle highlighted Bitcoin’s oversold conditions after it dipped to $58,400 on June 14, comparing it to the price action

Source: CryptoIntelligence