Bitcoin monthly: Long-term support as EMA55 confirmedBitcoin / USDTMEXC:BTCUSDTMasterAnandaWe've seen this before and we've been here many times before. Ladies, and gentlemen, we can choose to look at the far past or we can focus on the present; nay, we can choose to do both for higher accuracy in our undertaking. Let us ask, how does technical analysis really work? Is it truly a repetition of the past or a tool to determine where lies the most important historical levels, resistance & support? There are certainly more than one way to skin a goat; but, think of the present and ask, what is more relevant in June 2026? We can choose to make things up, predict a future based on assumptions; or, we can choose to read a chart. Bitcoin closed five consecutive months red to end this streak in February 2026. It ended at long-term support in the form of EMA55, as well as the 2021 previous all-time high, and the 2024 long-term consolidation zone. After some bullish action, the same support level gets tested again and holds. Now, no prediction as to what happens next needs to be made, but we can describe exactly what is happening on this present day. As long as Bitcoin trades above $63,200, EMA55, the bulls have the upper-hand and the market can resolve into a bullish cycle, period or wave. If Bitcoin were to move below EMA55 and the important $60,000 support level, then the sellers would gain the upper hand. Since we are facing an inflection point, let's reverse back to the basics... Bitcoin is trading above support. As long as Bitcoin trades above support, the lower low bearish scenario is not valid, the chart points to additional growth. Namaste.