BTCUSD long view

Following the movement of Bitcoin on the four-hour time frame, we see that the resistance is again at the psychological level at $ 60,000 for Bitcoin. The break was made above the upper resistance line, but Bitcoin gave up again and made a smaller pullback. Here we can expect potential support as we are also testing moving averages of MA20 and EMA20. The break below them takes us into a zone between $ 54,000 and $ 56,000 because that’s where we encounter moving averages of the MA200 and EMA200. Conversely, if we find support in Bitcoin doing a retest on the trend line, then we can expect the bullish trend to continue above $ 60,000.