Bitcoin: How Much Have the Bulls Got Left in the Tank?Bitcoin / U.S. dollarBITSTAMP:BTCUSDDukesMarketAnalysisBulls Keep Pushing Bitcoin has climbed back above the key $62,000 support area, continuing its recovery from the recent $57,735 low. Primary Trend Still Down Despite the recovery, the primary trend remains down and this could simply be a third lower high before the broader move lower resumes. EMAs Starting to Contract The 100/50-period EMAs remain bearishly crossed, although both are flattening and beginning to contract as price trades back above them. Momentum Showing Mixed Signals RSI remains bullish above 50, but StochRSI has already reached overbought territory and is turning lower. Weekend Volume Remains Low The latest price action is developing on low weekend volume, leaving me questioning just how much conviction sits behind this move. $62,000 Is The Line In The Sand A break back below $62,000 could be the first sign this pullback has run its course and the bears are ready to take control again. In Summary I'm just wondering how much the bulls have left in the tank here. Bitcoin has reclaimed $62,000, but the primary trend remains down, and this could easily develop into a third lower high. RSI remains above 50, although StochRSI is turning down from overbought territory and weekend volume remains low. For me, $62,000 is the line in the sand. Lose that level, and the recent pullback may well have run its course.