BTCUSD long view

The price of Bitcoin yesterday formed a new higher high at 32415 dollars. A new pullback quickly followed this to $ 31,450, and we are now consolidating in the $ 31,600 zone. The previous four days were very bullish as the price rose from $ 28,500 to $ 32,415. Today is a day for consolidation and a certain accumulation, and for the price of bitcoin, it is important to stay above the $ 31,000 level. Additional support at our current level is the MA20 and MA50 moving averages. For the bullish option, we need positive consolidation and a return on prices above $ 32,000. Then, with the continuation of the bullish impulse, the price could continue towards $ 32,500, then the $ 33,000 level. For the bearish option, we need negative consolidation and new support testing at $ 31,000. Break prices below would increase bearish pressure, which would lead to a further drop in prices. First down to $ 30,000 support, and then to the May support zone at $ 29,000 prices.