$BTC: Bulls Reclaim Support, But Can They Hold It?Bitcoin / TetherUSBINANCE:BTCUSDTDukesMarketAnalysisRecovery From The Lows Bitcoin has continued to recover after finding week-long support around $58,500, with bullish RSI divergence at the lows eventually helping price push higher. Bulls Reclaim Key Structure Price has broken above the initial $61,000 resistance before reclaiming the former $62,300 support area and taking out the recent $62,200 swing high. EMAs Begin To Improve The 100/50-period EMAs remain bullishly crossed and are now beginning to slope higher, adding further weight to the improving short-term structure. Volume Raises A Question It is often said that volume matters off a significant bottom but it must be stated that the latest move higher has developed on much lower volume, while RSI is working off overbought conditions and StochRSI continues to head lower. $62,300 Is The Key If bulls can hold $62,300 as new support, the bullish case towards the next major resistance at $65,622 remains firmly in play. In Summary Bitcoin's short-term structure continues to improve after bulls reclaimed the key $62,300 area and broke above the recent $62,200 swing high. The bullishly crossed 100/50-period EMAs are also beginning to slope higher, supporting the recovery. However, reduced volume and cooling momentum suggest the breakout still needs confirmation. Holding $62,300 as support keeps the bullish case towards $65,622 firmly alive, while losing it would make the recent breakout look far less convincing.