As we can observe on the BTC/USD daily chart the price has broken above the bull flag and moved higher reaching the 56,652.90 price level. We expect the price to move higher reaching the 59,661.45 - 60,947.05 price level which consists of Resistance 2, 161.8 Fibonacci price level and the phycological price level of 60,000. 

If we observe a movement lower, we expect the price to react on the 52,877.15 price level (Support 1.)In the case we observe a break below the 52,877.15 price level with a 2 day confirmation of the break, we expect the price to move lower reaching the 50,000 phycological price level.