The H1 BTCUSD chart reveals a bullish reversal after a prolonged corrective phase. Key support at 62916.1 was tested and held, with elevated volume (10622) on the bounce confirming buying interest. The recent low marks a critical pivot point, now acting as a foundation for a potential uptrend. Price has formed a bullish candlestick pattern near this support, with the close at 62916.1 signaling a strong rejection of the prior downtrend. The current setup shows a shift in momentum, as higher lows and increasing volume suggest accumulation. A breakout above recent highs could validate the bullish direction, with the TP…

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