Bitcoin Analysis Update

As we mentioned in the previous analysis, the price had a tendency to correct and fill the price shadow and reached the uptrend line.

📌It is currently bullish as long as it moves above the black uptrend line, but if the uptrend line and the $60,700 support range are lost, the market will correct in the short term and move towards lower support.

💢 Significant support is in the range of $59,400 to $59,600 and $57,800 to $58,300.

💢 If the previous support is lost, the market will continue to improve and will move to the range of $54,000 and $55,000. But as long as it is trading on the uptrend line, the short-term uptrend will remain.