Bitcoin Price Reaches Rejection Zone: Can It Overcome the Resistance?

Bitcoin price recovered above the $62,000 resistance zone. BTC must clear the $62,500 resistance zone to continue higher in the near term.Bitcoin started a recovery wave above the $61,500 and $62,000 levels.
The price is trading below $63,000 and the 100 hourly Simple moving average.
There is a key bearish trend line forming with resistance at $62,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might struggle to rise above the $62,500 and $63,000 resistance levels.B