~~~
And it really happened, the $60k resistance managed to break through Bitcoin and broke out at the price of $61,500.
This is a good position for bitcoin and a few hours that had a hit at $62,700.
Bitcoin in the 1D Time Frame is in the Flip trend area and this will depend on whether strong support is to hold and then Bitcoin tries to head towards the Uptrend area at the price of $65k++ which is quite a strong resistance.
I am grateful that in the end $60k has become support. It broke $62,700 for a while, but then the price dropped to $60k again. I don't expect $60k to be a strong support at the moment because however $60k seems weak to withstand a selloff. Dropping $2700+ in a few hours was exactly what I didn't want post an attempted recovery, but the market was still very volatile. There is still panic among traders that basically really affects prices, but over time I expect that wave of panic to subside.
I don't know, I'm not sure if a big rally will actually happen, but some investors have been accumulating as much as they can during the downturn. Unfortunately I have had to miss out on several opportunities to do so even though I would have loved to buy and collect more.