BTC - Brearish trend breakout and potential for a recover.

"This is not financial advice. It is crucial to conduct your own research and due diligence before making any investment decisions."

Bitcoin's current price action and the recent break into the $61,000 range are promising signs for a bullish trend. Breaking the 7 EMA (Exponential Moving Average) on the daily timeframe would indeed be a critical step in confirming this upward momentum. Here are some points to consider:

1. Good News and Market Sentiment: Positive news and sentiment around Bitcoin can significantly influence its price movement. Factors such as regulatory developments, institutional adoption, and macroeconomic trends can drive the market.

2. 7 EMA as a Key Indicator: The 7 EMA is often used by traders to identify short-term trends. If Bitcoin can break above this moving average, it could signal a stronger bullish trend and attract more buying interest.

3. Resistance at $65,000: The next significant resistance level around $65,000 would be a critical point to watch. If Bitcoin can surpass this level, it could pave the way for further gains and potentially set new highs.

4. Sustaining Above $61,800: Holding above the $61,800 level by the end of the day would be a strong indicator of sustained buying pressure and could lead to continued upward movement.

While technical analysis provides valuable insights, it's important to stay updated on market news and events that could impact Bitcoin's price. Keep an eye on both technical indicators and fundamental factors to make informed decisions.