Bitcoin price rose above $62,000 after dropping to $59,100 last week. The recovery brought it near $64,200 before sellers returned. Bitcoin is holding its 200-week moving average, but resistance remains at $64,000. Oversold RSI supports a relief bounce, while bearish MACD indicates sellers still control momentum. Open interest is rising, increasing liquidation risk. Buyers are slowing the decline, but the broader trend remains downward. Trump-Iran headlines and rising energy costs could impact Bitcoin. Support levels are at $55,000, $60,000, and $62,800. Traders are cautious due to geopolitical tensions. Open interest in derivatives poses additional risks. Holding $62,800 could lead to a test of $64,200, while failure could bring $55,000 into focus.
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