Bitcoin continues to recover from the tumble it suffered during the weekend. As of now, the BTC price is up by 3% today, following the 14% devastating crash seen on Sunday.
Yesterday, Bitcoin slipped from the $60k price area as it dropped to reach as low as $51,440. There, it found support at the .618 Fib Retracement level and managed to rebound, trading between $54k – $55k during most of the day.
By the end of the day, Bitcoin managed to recover to $56,280, where it found support at a 50-days MA level. This was further bolstered by an ascending trend line that dates back to the beginning of March.
Today, Bitcoin has battled to remain above the 50-days MA but looks to be struggling to hold the support, even at the time of this writing.
BTC Price Support and Resistance Levels to Watch
Key Support Levels: $55,400, $54,000, $51,440, $50,000, $49,385.
Key Resistance Levels: $56,280, $58,355, $59,200, $60,000.
Looking ahead, if the sellers push beneath the 50-days MA the first support lie
Źródło: https://cryptopotato.com/bitcoin-price-analysis-btc-finds-support-at-50-day-ma-but-will-it-hold/
