<ul class="wp-block-list">
 <li>Bitcoin price recorded a 3.65% increase in the last 24 hours as per CMC data.&nbsp;</li>
 <li>The cryptocurrency’s daily trading volume increased by 8.20%.</li>
</ul>
The crypto community rejoiced at a full-fledged price recovery in the last 24 hours. After a prolonged price slump over the past few weeks, leading cryptocurrencies retraced to their previous trading levels. Bitcoin returned to the spotlight as prices reached $60K in the Asian early morning hours of September 14.&nbsp;
Meanwhile, the altcoin sector, despite the upward movements, is yet to break key resistance levels. <a href="https://thenewscrypto.com/will-ethereum-bounce-back-from-its-september-slump/" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a>, at the time of writing, is attempting to break resistance at the $2.5K while <a href="https://thenewscrypto.com/solana-whale-unstakes-106213-sol-major-dump-incoming-2/" target="_blank" rel="noopener noreferrer nofollow">Solana</a> is closing in on $140. Apart from this, the memecoin sector has shown significant positive price movements.&nbsp;
On inferring Bitcoin’s daily price chart, the cryptocurrency began its upward price movement towards the Asian evening hours of September 13. Notably, prices rose from an intra-day low of $57,650. Following this, BTC climbed all the way to a 15-day high of $60,615. At the time of writing, the $60,154 after a 3.65% increase according to CMC <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">data</a>.&nbsp;
Additionally, the digital asset’s daily trading volume showed a modest increase of 5.17%. Moreover, as per Sosovalue <a href="https://sosovalue.xyz/assets/etf/us-btc-spot" target="_blank" rel="noopener noreferrer nofollow">reports</a>, US spot BTC ETFs witnessed significant inflows – $263.07 million on September 13.&nbsp;
<h3 class="wp-block-heading" id="h-will-bitcoin-witness-a-price-breakout-amid-buy-signals-nbsp">Will Bitcoin Witness a Price Breakout Amid Buy Signals?&nbsp;</h3>
According to TradingView data, Bitcoin’s current short-term 9-day MA stands below the long-term 21-day MA. This is a result of BTC’s prolonged price slump at $56K and $58K levels. However, the past day’s upward trend is reflected in the cryptocurrency’s RSI standing at 54.88 indicating neutral market sentiments and buy signals.&nbsp;
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcwMu7L28RcERD1PwQMnKQLsR9xE1L5V0ZTltudTZ0NagD-q3GsX9pdevMAu1ajPxbv4aFYwStzQP6mDL2UOIISXNgMnHvglqGVST4pvV7Hv4AnumTQ_u1ZWcPgNhL8t_90K3tevrmjZMFnGiqB-nAdFT0?key=FupAjYeIWP4MjAbiquhJ2g" alt="">
 <figcaption class="wp-element-caption">BTC/USDT 4H Price Chart (Source: <a href="https://www.tradingview.com/symbols/BTCUSD/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div>
Meanwhile, when using the Moving Average Convergence and Divergence (<a href="https://www.tradingview.com/x/PkemuvCP/" target="_blank" rel="noopener noreferrer nofollow">MACD</a>) technical indicator, the short-term signal line stands above the long-term MACD line. This suggests the token’s bullish turn over the past day.&nbsp;
Finally, market analysts have predicted that BTC might witness a price breakout after this recent recovery. Ali, prominently known as “@ali_charts” has stated that Bitcoin might face resistance at $64,300, in case of a persistent upward momentum.&nbsp;
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Is Bitcoin Bull Run on the Horizon as BTC Retraces to $60K?

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