After an unsuccessful attempt to overcome the resistance level at $37,000, Bitcoin went to a local correction, which turned out to be slightly less than expected.

Already at the level of $35,840, purchases of the asset intensified (you can see it by the long lower shadow of the four-hour candle).

The value of the RSI indicator bounced off the support trend line, and the price returned above the exponential moving average 21 EMA 4 H, which indicates the strengthening of the buyers' positions.

Since November 16, Bitcoin has made three attempts to break through the resistance in the $37,000 area.

The next assault on this mark can end well for the bulls.

If this zone is confirmed as a support level, the asset will wait for an upward impulse to $38,200.