Bitcoin rises 1.64% to $63,629 as traders focus on the $64,000 breakout level

Bitcoin was trading at $63,629, up 1.64% over the past 24 hours, as it held a recovery range after falling from roughly $81,600 to a low near $59,100. On the daily chart, the rebound from about $59,000 has formed a series of higher lows. Price action has since tightened into a consolidation band around $63,000 to $64,000. Traders are watching whether bitcoin can push through $64,000 to confirm the next move.