is currently in an uptrend, we can see the 20 days EMA
raising, and also the prize is above 20 days EMA
which is a good sign for buyers. The 20 days EMA
is acting as the strong support line, where the prize takes a rebound. The bulls are buying in dips of the prize if this trend continues, the price might go up to $59680.13 which is a strong resistance zone
, if this resistance zone
breaks, the price might go up to the next higher resistance is at $61979.63.
The trendline acts as a strong support zone
for every dip in the price, currently, the bitcoin
is in a correction phase, the bulls are buying near the dip.