BTCUSD long view

Looking at the chart on the four-hour time frame, we see that the price of Bitcoin managed to recover today, and after yesterday's fall to $ 40,000, it climbed to the current $ 44,400. To the positive list for Bitcoin, we can add the transition above the MA20 moving average. Now our target is the next upper moving average, which is the MA50 in the zone above 61.8% Fibonacci level around $ 46,000. Additional upward resistance awaits us in a downward trend line, and a break above us may lead us to the previous high zone at $ 48,900. For the bearish scenario, we need a price pullback below the MA20 moving average and 38.2% Fibonacci levels to $ 43305. After that, we can say that we will see the continuation of the lowering of the price on the bearish side and the potential new testing of the previous lows to $ 40,000.