Bitcoin is breaking below a strong resistance

Bitcoin is breaking below 59000

 

This is a strong downside resistance being broken with a confirmation. This Bitcoin downside break below 59000 is bringing our focus to 52500 which is the next downside resistance and important upside support.  This will be invalidated only in the case Bitcoin pushes higher above 60000 again.

Note: look for the short trade entries with the protective stop orders above 60000

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