<p><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMDcvMWMwYjFiNzgtODgwNy00YWMwLWJmMjQtMTZkM2M5NzJkZTJhLmpwZw==.jpg"></p><p>Bitcoin’s recovery from the $63,500 level is encouraging, but higher levels may face solid resistance from the bears.</p>