Bitcoin - resistance becomes support (4-hr)

Bitcoin managed to break through the resistance at 48.4k and came back to the line to establish it as support. This aligns with the 0.38 FIB level taken from the previous low indicating a stronger upwards trend if we manage to take the previous high at 49.6k. The 52k price seems to be a good target to test again during this short-term upwards move. RSI still has much room to go currently sitting at 58.

Good luck with your trades! Do not consider this as financial advice.