BTCUSD

Bitcoin (BTC) recovered yesterday after experiencing a third consecutive week of decline and continues to rise today, currently hovering around $63,000. Last week's decline was due to the start of refunds to customers affected by the 2014 Mt. Gox cryptocurrency platform hack. Ten years after the company's collapse, 140,000 Bitcoins were seized from a hack that leaked 940,000 BTC. At the time of the bankruptcy, the value of one Bitcoin was $451, down from $61,300 today; the declines that caused fear of selling seem to have ended. On the technical side, after breaking the daily $64,300 band, the most important support level is $62,120, and if the sell position continues from here, we may see a pullback to $61,330. Support: 62,120 - 61,330 Resistance: 64,300 - 65,710