Bitcoin's (BTC) price closed last week with an indecisive spinning top candlestick after facing multiple rejections around $60,000. Despite these rejections, Bitcoin has managed to defend the support level at approximately $58,000. This defense could serve as the basis for long-term bullish sentiment.
Since early March, Bitcoin has shown potential for further positive movements, indicating that this might be the start of something significant for BTC's price dynamics in the long run. Investors are keenly observing these technical levels to gauge future market direction.
![Bitcoin [BTC] Eyes Critical $61,509 Resistance for Potential Breakout Amid Recent Recovery](https://loutre.blockchair.io/w4/storage/news/ctag.png){kind=small}
