Bitcoin is testing a strong support
Bitcoin is pulling back to test strong upside support 53000. A break below is needed for a downside reversal to 50000. We need to see a bounce here for the upside continuation and a break above 55250 again. This is a healthy pullback correction in an uptrend and should be used to build a buying position as long as Bitcoin holds above 52000.
Note – Look to buy with the protective stop below 52000
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