Bitcoin is currently trading in the sideways 4 Hour range of $58.5k to $60k after the huge sell off on Tuesday. These levels are currently acting as the 4 Hour support as well. If BTC manages to close above $60k, there is a chance of a move up to $61k, as there is resistance between that. However, any 4 hour close below $58.5k and we will see a move downwards to the area of $56k.

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