Bitcoin rebounds to $61,211 from a $57,735 intraday low as MACD and momentum turn bullish while traders eye $62K.

Bitcoin kissed $58,800 and bounced. The daily chart is deep in bear territory, and prediction markets are betting on further pain.

Bitcoin recovered above $60K after dipping to $57,700, its lowest level this year, as US jobs data missed forecasts by 20K. Fear and Greed Index sits at 11.