Bitcoin steady above support. Are bears done?

At the beginning of the month, due to tensions in the Middle East, BTCUSD dropped below the crucial 62k technical support level, even dipping below 60k to reach a local low at 57k.

However, this breakdown was short-lived, with BTC spending only 2 days below this significant level before reversing strongly. This reversal confirmed a false break when the price returned above 62k.

Over the weekend, Bitcoin also broke above the falling trend line of the recent downward channel, further bolstering its bullish perspective.

Currently, we are facing resistance at both the technical and psychological level of 65k. Once (or if) we break above this level, the path becomes clear to revisit the old all-time high zone and potentially even move further upward.

As long as 62k remains intact, I maintain a strong bullish stance.