Price remains bullish while holding the $61K local volume point of control. Bouncing off this support will likely bring about a re-test of $65,000 and a clear path towards higher highs. Below $60K the 200 MA on the 4hr chart is at $59K support, which if held would create a higher low than the wick down to $56.6K to build more momentum for a push to the upside.



The 9 month long consolidation accumulation zone is at $56.6K, also the 0.618 fib retracement level (of local low) where Bitcoin has seen the most trades since February 2021.