Bitcoin price slows down the new parabolic recovery slightly above $55,000.
The 200-day SMA provides Bitcoin with the much-needed support to prevent a correction from wiping the gains to $40,000.

Bitcoin seems to have started another bull cycle following a lengthy battle in June and July to break the barrier at $40,000. Following the selloff from $65,000 in May, BTC explored levels marginally under $30,000 three times before the ongoing rally.
A confirmed break above $42,500 last week allowed bulls to take complete control of the trend and dominated price action during the weekend. At the time, Bitcoin gained traction and brushed shoulders with $45,000 but retreated to $43,000.
The bullish price action continued on Monday; however, Bitcoin only stepped slightly above $46,000, delaying the move to $50,000. Meanwhile, the bellwether cryptocurrency is trading at 45,700 amid a fierce battle between the bulls and the bears.
Is Bitcoin Bullish Outlook To $55,000 Still Intact?
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Źródło: https://coingape.com/bitcoin-price-prediction-btc-rally-takes-a-hiatus-at-46000-ahead-of-upswing-to-55000/