📈 BTC/USD has risen by 2.23% over the past 24 hours. On the hourly chart, BTC might have set a local resistance level at $59,516. With most of the daily ATR passed, sharp moves are unlikely by the end of the day. If the bar closes near $59,500, the ongoing upward move may continue tomorrow.

📊 On the bigger time frame, buyers are trying to seize the initiative after yesterday's bearish closure. If successful, traders may witness a test of the vital $60,000 mark shortly.

📆 On the weekly chart, it’s too early to expect a quick reversal, as BTC hasn't accumulated enough energy yet. Sideways trading between $57,000 and $60,000 is the more likely scenario. Bitcoin is trading at $59,027 at press time.