Since May 1, BTCUSD has been fluctuating between $54,000 and $60,000 price levels. Buyers retested the $60,000 overhead resistance twice. On Each retest, the market would fall to the $54,000 low. This has been the price action since March 13, when Bitcoin first attained the $60,000 psychological price level. The breakout above $60,000 overhead resistance and the sustenance of the bullish momentum will determine the second round of upside momentum.
Resistance Levels: $60,000
Support Levels: $52.544, $46,242