Bitcoin's price has remained well above the $60,000 support level. As a result, Bitcoin began a new rally above the $62,500 and $63,500 resistance levels. The bulls even pushed the price above $65,000 and above the 100 hourly simple moving average. Furthermore, on the hourly chart of the BTC/USD pair, there was a break above a major bearish trend line with resistance near $61,550.