Bitcoin price remained in a range above 55.500 The dollar is in the support area, and the currency has formed a base above the level 55.500 dollar, and is currently trying to achieve a decent recovery wave.
There was a break above resistance levels 56.500 and 57 A thousand dollars, and besides, there was a break above a major bearish trendline with resistance approaching 57.100 USD on the hourly chart of BTC/USD.
Even BTC/USD soared above a level 57.500 dollars and simple transfer average 100 hour, however, the price is still struggling to gain speed above the . level 58 one thousand dollars.
The amount has increased to approx 58.222 Dollars, and the price is now consolidating the gains, the bears pushed the price below the retracement level Fib %23.6 For upward shift from low swing 55.909 dollar up 58.222 dollar.
The immediate support level is close to 57.500 Dollars, while the first major support is now approaching the . level 57 one thousand dollars.
regression level 50% From higher altitudes From lower altitudes 55.909 dollar to high 58.222 dollars is also close to 57 one thousand dollars.
The next major support is approaching the . level 56.500 Dollars, below which the price could resume, its decline to the main support level at 55.500 dollar.
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Upside Down in Bitcoin?
If bitcoin stays above support 56.500 Dollars, it could continue to rise, and on the positive side the initial resistance is approaching the level at 58 one thousand dollars.
While the next major resistance is approaching the . level 58.500 dollars, and approx 58 one thousand Ùˆ 58.500 The dollar may start a steady increase in the near term, and the next major resistance is near the . level 60 one thousand dollars.
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