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Bitcoin is also breaking the $ 60,000 support. The price is now trying to hold above $ 58,000. The price is now at the 50 MA support level on the daily chart and a bounce is required from here. This is the main support level on the higher time frames and a break below this level will reverse the market in a bearish direction. BTC needs to be maintained at $ 58,000. The first resistance is now in the $ 60,500- $ 61,000 area, followed by the $ 64,000 area. The lower support levels are $ 55,000 and the $ 53,000 area.
We do not groan this swing, waiting for more significant movements to buy off or, on the contrary, shorts. While we are spinning in a narrow range, we are waiting for a good side.
Follow our forecasts to keep abreast of developments!
Thanks for your support!
Your team D&P. Trade
Bitcoin is also breaking the $ 60,000 support. The price is now trying to hold above $ 58,000. The price is now at the 50 MA support level on the daily chart and a bounce is required from here. This is the main support level on the higher time frames and a break below this level will reverse the market in a bearish direction. BTC needs to be maintained at $ 58,000. The first resistance is now in the $ 60,500- $ 61,000 area, followed by the $ 64,000 area. The lower support levels are $ 55,000 and the $ 53,000 area.
We do not groan this swing, waiting for more significant movements to buy off or, on the contrary, shorts. While we are spinning in a narrow range, we are waiting for a good side.
Follow our forecasts to keep abreast of developments!
Thanks for your support!
Your team D&P. Trade