Bitcoin is very strong in the New Year, breaking through the big resistance of 52,000, and 60,000 Bitcoin may be earlier than most people expected. As shown in the chart, if Bitcoin closes above the weekly 50,000 this week, then the next resistance level is the red rectangular double top of 60,000, when Bitcoin will hit 60,000 at a very fast pace. It is worth noting that newcomers still do not have large-scale entry, and they generally choose to enter after Bitcoin breaks through new highs. In previous Bitcoin bull markets, Bitcoin has had a 30%+ pullback, and this time the maximum pullback is 22%. The current lower support of Bitcoin is between the lower red range of 44000~45000, if the Bitcoin price reaches the previous high and then pulls back to this range by exactly 30%.