In early trading on Monday, Bitcoin continued to go upward and testing the recent high of 63000. The current price is at $62,300. The total market value of cryptocurrencies is 2.56 trillion U.S. dollars, and the market value of Bitcoin accounts for 44.7%. The number of BTC profitable UTXOs hit a record high, and the total network computing power is 143.47EH/s. The current network difficulty is 19.89T. The Gray Program applies to convert Bitcoin funds into spot ETFs. Facebook plans to recruit 10,000 people in Europe to build a meta universe.
From a technical perspective, the weekly graph closed by three consecutive bullish candles. Short-term bullish trend was strong. The daily graph formed Upper ladder. Bitcoin reached the new high every time there was a correction. On H4 graph, there was a correction as a confirmation. BOLL widened and moved upward. MA formed Golden Cross. MACD volume strengthened. Overall, prioritise Buy. The chart below is showing the key point and the estimated trend, the deciding point whether to buy or sell is near 61400.
Resistance：63000-65000-68000
Support：61400-60000-58800
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