Currently, Bitcoin price has resumed its upward trend by forming a price floor in H1. If the buyers fail to break through the level around 52500 with this attack, there is a possibility that the price will fall to the next support level around 49500-50000.
This level could be a suitable level to make a renewed attack for Bitcoin to cross the 52500 level.
Therefore, the appropriate and low-risk level for buying should be sought in the range of 49,000 to 50,000.
A fall below 48,500 could cause the price of Bitcoin to fall further. It seems that if the 49,000 support is lost, the next level of support and serious demand will be seen at the 44,000-45,000 level.
This level could be a suitable level to make a renewed attack for Bitcoin to cross the 52500 level.
Therefore, the appropriate and low-risk level for buying should be sought in the range of 49,000 to 50,000.
A fall below 48,500 could cause the price of Bitcoin to fall further. It seems that if the 49,000 support is lost, the next level of support and serious demand will be seen at the 44,000-45,000 level.