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Bitcoin Price Regains Strength: Is a New Rally Brewing?
- Bitcoin price gained pace above the $62,500 resistance and cleared the $63,200 level.
- BTC is now consolidating gains above $63,500 and trading above the 100 hourly SMA.
- A break above a bearish trend line with resistance at $63,220 on the BTC/USD pair chart suggests a possible extension of gains.
- BTC faces immediate support at $63,500 and could rise further if it stays above the $62,500 support zone.
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