Bitcoin: Can the Bulls Muster Another Assault?Bitcoin / TetherUSBINANCE:BTCUSDTDukesMarketAnalysisWild Swings In Both Directions Bitcoin has seen wild swings over the last 24 hours and is struggling to fully resume the short-term bullish trend. Broken Resistance Protected The good news for the bulls is that the previously broken $60,941 resistance did manage to hold as new support, keeping the bullish structure intact. Bearish Divergence Developing Very short-term bearish divergence is forming on the RSI, although the sharp price swings may be distorting the signal. A slowing of price momentum would make it far more meaningful. 0.618 Remains the First Hurdle Price continues to struggle around the 0.618 Fib at $63,666, with the bulls needing a clear break to regain momentum. Can the Bulls Go Again? It now comes down to whether the bulls can muster another assault, clear the 0.618 and then turn their attention towards the 0.786 at $65,261. In Summary Bitcoin has seen wild swings over the last 24 hours, but the short-term structure remains bullish after the previously broken $60,941 resistance was protected as new support. Very short-term bearish divergence is developing, although the sharp price swings may be distorting the signal. The bulls now need to muster another assault and clearly break the 0.618 Fib at $63,666. Do that, and attention quickly turns towards the 0.786 at $65,261.