Bitcoin (BTC USD) price analysis: Bitcoin reaches $62,310, its highest since June 24, driven by large holder accumulation, despite significant ETF outflows. Market analysts assess key resistance levels and implications of recent employment data.

Bitcoin made a strong move above $60,000, but a combination of bearish headwinds may put a hard cap on the rally.

Bitcoin reclaims $61,000 as Glassnode and Bitfinex flag long-term holder accumulation beneath persistent ETF selling.