Bitcoin Price Restarts Its Climb: Is The Rally Back On?

Bitcoin price started a fresh increase above the $62,000 resistance zone. BTC is now consolidating and might aim for more upsides above $63,000.Bitcoin is struggling to start a fresh increase above the $63,200 zone.
The price is trading above $61,500 and the 100 hourly Simple moving average.
There is a short-term declining channel forming with resistance at $63,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could regain traction if there is a close above the $63,20