Bitcoin Hourly chart shows a potential double bottom pattern with BTC testing the base area at $55,000 mark. Bitcoin tested the bottom at $55,530 yesterday, completing a double pattern. There is a pullback from the bottom which means BTC could drop through the price level again. If Bitcoin breaks this support area, it will be a confirmation that the pattern is broken in which case, we could see a further extension to fib 1.65 just above the $53,000. We have a resistance above at EMA 50 and then at EMA 100 near fib 0.328.
