On April 19, although the BTC price dipped below 60,000, the bears could not push the price lower. This suggests that the bulls are trying to turn the 60,000 level into a support.

The rebound has reached the 20-day EMA (66000) and the support at 60,775 is likely to come under pressure if the price turns down sharply from the 20-day EMA and breaks down and closes below 60,775.

On the other hand, if the bulls push the price above the moving average, it is likely to trade between 60,775 and 73,777 for some time. A breakout above 73,777 could propel BTC to around 84,000.