If it manages to break above $65,000, it will likely head towards the all-time high resistance of $69,000-$70,000. The support level remains unchanged.

Given this escalated demand against a backdrop of diminishing new supply, there is a visible potential for upward pressure on Bitcoin’s price.

If the price can maintain its position above $60,000, we can expect to see further upward movement towards the $64,000-$65,000 level.

Support Area: $59,000-$60,000

Next Support Area: $54,000-$55,000

Resistance Area: $64,000-$65,000

Bitcoin's bullish momentum remains intact as long as it maintains above the $50,000 threshold.

Historically, similar scenarios have coincided with early stages of bullish market conditions, with 2019 being a potential exception.

If the price breaks below the $50,000 level, we may see some selling in the market.

Ahhhh at last you got my point. This is a volatile asset class open to fluctuations 24x7. 2 days is too long, 1k point swing liquidates billions here. Fear and greed. Hopium and scepticism. The game is to manage your risk and ride the roller coaster.

It's either bull cashing out or bear cashing out. That's part of the game. I can guarantee you in either case I will not be eating my words

Yeah definitely a big yes on your understanding of support. Any arbitrary number can be called support if it is acting as one. But I can't agree with your last part about dipping below 42k. Nobody knows

Yeah why not

In a particular time frame price range that has held the price and prevented from falling below

The market is still bullish, as long as BTC remains above this level.