Orange Token’s Sprint May Stall Without a Breakout Bitcoin BTCUSD surged past $61,000 per coin early Tuesday, marking a second consecutive day of gains for crypto traders. The original digital asset has climbed roughly 6% over the past two days as bargain hunters took advantage of Bitcoin prices below $60,000. This recovery follows a sharp decline on August 5, a Monday that saw markets take heavy losses across the board. However, this recent uptick in Bitcoin doesn’t yet signal the start of a new uptrend. The token must first overcome short-term resistance. The key resistance level at $62,500 has been capping gains, preventing another run toward the current record high of over $73,000. Analysts are closely monitoring whether this resistance will hold, as it could determine the bulls’ next move. In the broader context, Bitcoin’s outlook remains strong. The cryptocurrency is up about 40% for the year and boasts a market valuation of $1.2 trillion. On the ETF front, all 11 spot Bitcoin exchange-traded funds saw net new inflows of $62 million on Monday. Meanwhile, Ethereum, which has also gained traction on Wall Street with its own spot Ether ETFs, traded around $2,600 on Tuesday, unchanged from the previous day. Ether-based investment vehicles experienced $13.5 million in net outflows on Monday.