Bitcoin has bounced from a key support area, indicating a potential short-term recovery.The rebound coincides with oversold signals, suggesting a shift in momentum.Key support zone is between $60,200 and $61,200. Falling below $60,000 could lead to a decline towards $56,000-$57,000.Resistance levels to monitor are $63,000, $64,500, and $67,000-$68,000, with a breakout above $68,000 necessary for a more bullish sentiment.