BTCUSD long view

Looking at the chart on the four-hour time frame, we see that Bitcoin finds support on the bottom line of the trend along with the moving averages of the MA200 and EMA200. There is now a high probability that Bitcoin will again try to climb above $ 60,000. With the break above, we look first at the previous high at $ 61033 and then at $ 62000. The maximum target for this potential bullish impulse is $ 65888 at 127% Fibonacci level. We only need to break below the bottom trend line and MA200 and EMA200 for a more specific bearish signal for the bearish trend. The MACD indicator gives us a bullish signal for now by switching to the green zone.