Bitcoin recovers above 61k but can it hold the gains into the weekend?

Since an earlier update here today Bitcoin has managed to rise back above noted potential resistance levels in the form of the 50 and 100 day moving averages. They were in place earlier today at 60,756 and 61,056 respectively and the lead coin has risen to a high just now at 61,256. It may not be finished with this upside move yet by the looks of things just now. The real question is can it had this gain after the US data this afternoon and ahead of the weekend? That remains to be seen. If it does extend further, then the next resistance level of any real note is not until the 200 day moving average comes back into play. That is right now at 63,370. Bitcoin is currently trading at 61,225