BTC - Hourly Chart - Complete Technical Analysis

Bitcoin's uptrend reached the top of the $ 55,000 resistance; Correction is possible, but it is unlikely that the cows will dream of attacking $ 60,000.
BTC started a strong uptrend with a resistance of $ 50,000. As a result, the $ 52,000 resistance was crushed and the price completely fell away from the 10-hour moving average.
The uptrend was so serious that the $ 53,200 resistance was not seen at all and was followed by a jump above $ 55,000. Finally, after conquering the peak of $ 55,770, Bitcoin is engaged in dominating the new position. At this point, the nearest downstream support level is in the $ 55,000 range.
The level overlaps with the 23.6% Fibonacci retracement level moving up from $ 50,336 to $ 55,777. The BTC / USD hourly chart also shows a bullish trend line with support at around $ 53,000.
The closest resistance level is seen upstream around $ 55,500. Consider the first significant resistance in the $ 56,200 range; Crossing it will pave the way to higher levels. The next hurdle for cows after that will probably appear in the $ 58,000 range. With any further growth, Bitcoin (BTC) will move towards $ 60,000.
If Bitcoin is unable to cross the $ 56,000 resistance level, it could fall. In this case, the nearest support level is considered in the range of $ 55,000.
The first significant support is expected in the range of $ 54,200 and the second in the range of $ 53,000. Fibonacci 50% level has doubled its importance by falling in the $ 53,000 range. With its collapse, Bitcoin (BTC) will move towards $ 50,000 support and moving average.