There Is Resistance In Bitcoin At $ 58K!

 

Technical Analysis: Short term support for Bitcoin is at $ 54K but strong resistance is at $ 58K.

Bitcoin is in the over-selling trend and trend support on the intraday charts, but still faces heavy resistance around $ 58,000. Bitcoin (BTC) buyers have defended short-term support at around $ 54,000 but will face heavy resistance around $ 58,000. Bitcoin, which we see on the 4-hour chart, is currently in its highest selling position at $ 42,900, the low of February 28, before a price increase close to 40 percent. The slowing momentum showed that sales were at the $ 60,000 price level, as expected in previous news. To continue its rise, Bitcoin must stay above the $ 54,000 level. If Bitcoin breaks from this level, it has support around $ 50,000 followed by $ 46,000.   There Is Resistance In Bitcoin At $ 58K! Source: https://www.coindesk.com/ You may also be interested in: Striking Statements on Cryptocurrencies From Mustafa Varank!